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: Sales revenues $10 million Operating costs 8 million Interest expense 2 million The compaty has a 325% tax rate; and its WACC is 14\%. Write out rour enswers completely, for example, 13 mill on thould be entered as 13,000,000, 3. What is the nrolart's operating cash flow for the first year f(t=1)> found your answer to the nearest dollar. 3 b. If this groject would cannibelite other peojects by $1 milion of cash flow betore taxes per year, how would this change your answer to part a? Round your answer to the nesest doliat The fancis ocr would now be 1