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Operating Cash FlowThe financial staff of Cairn Communications has identified th

Operating Cash FlowThe 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$25 millionOperating costs (not including depreciation)$7 millionDepreciation$5 millionInterest expense$3 millionThe company faces a 40% tax rate. What is the project’s operating cash flow for the first year (t = 1)? Write out your answer completely. For example, 2 million should be entered as 2,000,000.

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