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2. Problem 12.02 (Project Cash Flow) Sales revenues $25 million Operating costs 20 million Interest expense 1 million The company has a 25% tax rate,

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2. Problem 12.02 (Project Cash Flow) Sales revenues $25 million Operating costs 20 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. The firm's OCF would now be \$

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