Colsen Communications is trying to estimate the first-year cash now (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: Soles revenues 510 mition Operatiog costs 8 miltion interest expense 3 miltion The company has a 25% tax rate, and its WACC is 11%. Write out your answers completely. For example, 13 mittion should be entered as 13,000,000. a. What is the orotect's operating cash fow for the first year (t=1) ? Round your answer to the nearest dolar: 3 b. If this project would cannibalize other projects by $1.5m ition of cash fow before toxes per yeat, haw would this change your answer to part a? Hound your answer to the nearest dolitar. The firms OC would now be 1