please solve and explain using a financial calculator

Chapter 12 12-2 PROJECT CASH FLOW 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 Operating costs (excluding depreciation) Interest expense $15 million 13.5 million 1 million The company has a 25% tax rate, and its WACC is 11%. a. What is the project's cash flow for the first year (1=1)? b. If this project would cannibalize other projects by $0.5 million of cash flow before taxes per year, how would this change your answer to Part a? a. What is the project's cash flow for the first year 1=1 ? b. If this project would cannibalize other projects by $0.5 million of cash flow before taxes per year, how would this change your answer to Part a? 12-3 AFTER-TAX SALVAGE VALUE Kennedy Air Services is now in the final year of a project. The equipment originally cost $29 million, of which 100% has been depreciated. Kennedy can sell the used equipment today for $8 million, and its tax rate is 25%. What is the equipment's after-tax salvage value? 1. Liberty Services is now in the final year of a project. The equipment originally cost $29 million, of which 50% has been depreciated. Liberty can sell the used equipment today for $18 million, and its tax rate is 35%. What is the equipment's after-tax salvage value