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: Financial

Wright Communications is trying to estimate the first-year operating cash flow for

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 Expenses Depreciation Interest Expense A $25.99 million $16.00 million $6.00 million $2.00 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) Submit Answer format: Currency: Round to: 2 decimal places.

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