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 Item:

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 $24.23 million Expenses $14.00 million Depreciation $5.00 million Interest Expense $2.00 million The company faces a 40.00 percent tax rate. What is the projects operating cash flow for year 1? (answer in units of millions) Answer Format: Currency: Round to: 2 decimal places.

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