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:

$\backslash$table$[[$Sales revenues,$$20$ million$],[$Operating costs,$18$ million$],[$Interest expense,$3$ million$]]$

The company has a $25\%$ 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 operating cash flow for the first year