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Pinkon Communications is trying to estimate first-year opera

Pinkon Communications is trying to estimate first-year operating cash flow (at t = 1) for a proposed… Show more Pinkon Communications is trying to estimate first-year operating cash flow (at t = 1) for a proposed project. The financial staff has collected the following information: Projected sales $20 Operating costs (excluding depreciation) 15 Depreciation 4 Interest expense 2 The company faces a 40 percent tax rate. What is the project’s operating cash flow for the first year (t = 1)? • Show less


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