What is the relevant year one operating cash flow for a project that has first year sales of $15 million, operating expenses of $10.9 million, interest charges of $1 million, depreciation of $3 million and a tax rate of 25%?
What is the depreciation expense in the 2nd year for a project with an investment of $500,000 and a 5-year MACRS depreciation schedule (20%, 32%, 19%, 12%, 11%, 6%).