Question: #15 Wright Communications is trying to estimate the first- year operating cash flow for a proposed project. The financial staff has collected the following information:

#15 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 $21.12 million Expenses $18.00 million Depreciation $4.00 million Interest Expense $3.00 million 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) Submit Answer format: Currency: Round to: 2 decimal places

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