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Business, 21.06.2021 16:40 lasagnafoe

The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service: Projected sales $24 million
Operating costs (not including depreciation) $7 million
Depreciation $4 million
Interest expense $3 million

The company faces a 40% tax rate. What is the project's operating cash flow for the first year (t=1)?

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