Question: Wright Communications is trying to estimate the first - year operating cash flow for a proposed project. The financial staff has collected the following information:

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:
\table[[Projected Sales,$24.99 million],[Expenses,$18.00 million],[Depreciation,$4.00 million],[Interest Expense,$3.00 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)
Answer format: Currency: Round to: 2 decimal places.
 Wright Communications is trying to estimate the first-year operating cash flow

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