Question: please help on time limit Wright Communications is trying to estimate the first-year operating cash flow for a proposed project. The financial staff has collected
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 Expenses Depreciation Interest Expense Investment in NWC $25 million $12 million S3 million $3 million $1 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) $4.40 million $8.00 million O $7.20 million $5.00 million O $6.00 million
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