Colsen Communications is trying to estimate the first$-$year net operating 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 operating cash flow for the first year