Business
Business, 16.11.2019 03:31, robert7248

Colsen communications is trying to estimate the first-year cash flow (at year 1) for a proposed project. the financial staff has collected the following information on the project: sales revenues $20 million operating costs (excluding depreciation) 14 million depreciation 4 million interest expense 4 million the company has a 40% tax rate, and its wacc is 10%. write out your answers completely. for example, 13 million should be entered as 13,000,000. what is the project's cash flow for the first year (t = 1)? round your answer to the nearest dollar.

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