Problem Set 2 X Back to Assignment Attempts 0 Keep the Highest 0 / 1 13. Problem 11-02 (Project Cash Flow) eBook 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 $24 million Operating costs (not including depreciation) $12 million Depreciation $5 million Interest expense $5 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. $ Grade it Now Save & Continue Continue without saving