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Wright Communications is trying to estimate the first-year operating cash flow for a proposed project. The financial staff has collected the following information: Financial Item:
Wright Communications is trying to estimate the first-year operating cash flow for a proposed project. The financial staff has collected the following information:
Financial Item: Projected Sales $21.81 million Expenses $18.00 million Depreciation $6.00 million Interest Expense $3.00 million The company faces a 40.00 percent tax rate. What is the projects operating cash flow for year 1? (answer in units of millions)
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