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 $15 million Operating costs 12 mallion Interest expense 2 mallion The company has a 25% tax rate, and its WACC is 12%. Write out your answers completely, For example, 13 millon should be entered as 13,000,000. a. What is the orolect's operating cash flow for the first year (t1) ? Round your answer to the nearest dollar. 5 b. If this project would cannibalize other projects by $1 million of cash flow before taxes per year, how would this change your answer to part a? Round your answer to the nearest dollar. The firm's OCF would now be $ 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 $15 million Operating costs 12 mallion Interest expense 2 mallion The company has a 25% tax rate, and its WACC is 12%. Write out your answers completely, For example, 13 millon should be entered as 13,000,000. a. What is the orolect's operating cash flow for the first year (t1) ? Round your answer to the nearest dollar. 5 b. If this project would cannibalize other projects by $1 million of cash flow before taxes per year, how would this change your answer to part a? Round your answer to the nearest dollar. The firm's OCF would now be $