2. Problem 12.02 (Project Cash Flow) E allook Colsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The assets required for the project were fully depreciated at the time of purchase. The financial staff has collected the following information on the project: Sales revenues $15 milion Operating costs 12 milion Interest expense 2 mon The company has a 25% tax rate, and its WACC is 13% Write out your answers completely. For example, 13 milion should be entered as 13,000,000. a. What is the project's operating cash now for the first year (t 137 Round your answer to the nearest doilar. b. If this project would cannibalize other projects by 10.5 million of cash flow before taxes per year, how would this change your answer to part a? Round your answer to the nearest dofan The firm's OCF would now be s Grade it Now Save & Continue Continue without saving