Save Submit Assignment for Grading Problem 11-02 (Project Cash Flow) Question 5 of 7 Check My Work 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 $18 million Operating costs (not including depreciation) $7 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 9.758 Hide Feedback Incorrect