Question: Please provide solution to the below question. Project Cash Flow The financial staff of Cairn Communications has identified the following information for the first year
Please provide solution to the below question. 
Project Cash Flow
The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service:
| Projected sales | $22 million |
| Operating costs (not including depreciation) | $12 million |
| Depreciation | $6 million |
| Interest expense | $3 million |
The company faces a 25% tax rate. What is the project's operating cash flow for the first year (t = 1)? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Round your answer to the nearest dollar.
Project Cash Flow The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service: $22 million Projected sales Operating costs (not including depreciation) Depreciation $12 million $6 million Interest expense $3 million The company faces a 25% tax rate. What is the project's operating cash flow for the first year (t = 1)? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Round your answer to the nearest dollar. $ 675000
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