Save Submit Assignment for G Problem 12.02 e Question 21 Check My Work (2 remain e Problem 12-2 Project cash flow Colsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff has collected the following information on the project: Sales revenues $20 miliorn Operating costs (excluding depreciation) 14 million 4 million 4 million Interest expense The company has a 40% tax rate, and its WACC is 14%. Write out your answers completely. For example, 13 million should be entered as 13,000,000 a. What is the project's cash flow for the first year (t-1)? Round your answer to the nearest dollar. b. If this project would cannibalize other projects by $2 million of cash flow before taxes per yoar, how would this change your answer to part a? Round your answer to the nearest dollar The firm's project's cash flow would now be $ c. Ignore Part bit the tax rate dropped to 35%, how wouldt at change your answer to pa ta? Round your answer tothe nearest dollar The firm's project's cash flow would Select by $ Check My Work (2 remaini OIcen Key Problem 12.02