2. Problem 12.02 (Project Cash How) eBook Colin 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 deprecated at the time of purchase. The financial staff has collected the following information on the project: Sales revenues 25 million Operating costs 20 million Interest expense 2 million The company has a tax rate, and as WACC 14 Write out your answers completely. For example, 13 million should be entered as 13,000,000 What is the project's operating cash flow for the first year (t-1)7 Round your answer to the nearest dollar If this project would cannibale other projects by $1.5 million of cash flow before taxes per yeat how would this change your anwer to part around your awer to the nearest della The firm's or would now be