Calsen 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 $5 million Operating costs 4 million Interest expense 1 milion The company has a 25% tax rate, and its WACC 14% Write out your answers completely. For example, 13 million should be entered as 13,000,000 .. What is the project's operating cash flow for the first year t - 17 Round your answer to the nearest dollar, 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 around your answer to the nearest dollar The firm's DCF would now be s