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 $$20\mathrm{.}21$ million

Expenses $$14\mathrm{.}00$ million

Depreciation $$5\mathrm{.}00$ million

Interest Expense $$2\mathrm{.}00$ million

The company faces a $40\mathrm{.}00$ percent tax rate. What is the project$$s operating cash flow for year $1?($answer in units of millions$)$

SubmitWright 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 $$20\mathrm{.}21$ million

Expenses $$14\mathrm{.}00$ million

Depreciation $$5\mathrm{.}00$ million

Interest Expense $$2\mathrm{.}00$ million

The company faces a $40\mathrm{.}00$ percent tax rate. What is the project$$s operating cash flow for year $1?($answer in units of millions$)$

Submit