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Colsen Communications is trying to estimese the first-year cash fow (at Year 1) for a propased project. The assets required for the project were fully

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Colsen Communications is trying to estimese the first-year cash fow (at Year 1) for a propased project. The assets required for the project were fully depreciated at the time of purchase. The financial staff has collected the following informstion on the project: Sales revenues $20 mition Operating cests 18 inilion Intertst expense 1 mation The compory has a 25 5tax rote, and its wace is 12%. Write out your answers completely. For example, 13 million should be entered as 13,000,000. a. What is the projectis operating cash fow for the first year (t=1) ? Round your answer to the nearest dellar. b. If this preject would cannbbize other projects by 90.5 multion of cash fow before taxes per year, how would this change your answer to part a? Round your answer fo the nesiest dollar. The firm's OCF would new be s

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