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Business, 25.11.2020 17:20 amandaneedshelp95

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 $20.09 millionExpenses $18.00 millionDepreciation $6.00 millionInterest Expense $2.00 millionThe company faces a 40.00 percent tax rate. What is the project’s operating cash flow for year 1? (answer in units of millions)

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