ment: Assignment 4 Assist Score 50.00% Save Submit Assignment for Grading as Problem 12.02 (Project Cash Flow) Question 14 of 20 Check My Work (3 remaining) elok 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 $25 million Operating costs 22.5 million Interest expense 1 million The company has a 25% tax rate, and its WACC is 13%. Write out your answers completely. For example, 13 million should be entered as 13,000,000 a. What is the project's operating cash flow for the first year (t - 1) Round your answer to the nearest dollar. b. If this project would cannibalire other projects by $1 million of cash flow before taxes per year, how would this change your answer to parta? Round your answer to the nearest dollar. The firm's OCF would now be $ Check My Work (3 remaining) ^ ^ 0 00 120