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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:

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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: \begin{tabular}{lc} \hline Projected Sales & $26.81 million \\ Expenses & $16.00 million \\ \hline Depreciation & $4.00 million \\ \hline Interest Expense & $3.00 million \end{tabular} The company faces a 40.00 percent tax rate. What is the project's operating cash flow for year 1 ? (answer in units of millions) Answer format: Currency: Round to: 2 decimal places

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