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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: Projected Sales
Wright Communications is trying to estimate the first-year operating cash flow for a proposed project. The financial staff has collected the following information: Projected Sales $25 million Expenses $15 million Depreciation $5 million Interest Expense $3 million The company faces a 40 percent tax rate. What is the projects operating cash flow for year 1? (in millions)
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