Click here to read the eBook: Analysis of an Expansion Project 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 $10 million Operating costs (excluding depreciation) 7 million Depreciation 2 million Interest expense 2 million The company has a 40% tax rate, and its WACC IS 10%. 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 $1 million of cash flow before taxes per year 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 s Ignore part b. If the tax rate dropped to 30%, how would that change your answer to parta? Round your answer to the nearest dollar The firm's project's cash flow would -Select- v by s