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	$24.42 million
Expenses	$15.00 million
Depreciation	$5.00 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)