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Evaluate first-year operating cash flow (at t=1) for the proposed project. Financial staff has gathered the following information:

Projected Sales - 10 million
Operating cost (not including depreciation) - 7 million
depreciation - 2 million
interest expense - 2 million

Company faces the 40% rate. Determine the projects's operationg cas flow for first year (t=1)?

Project Management, Management Studies

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