ebook 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 $15 million Operating costs (excluding depreciation) 10.5 million Depreciation 3 million Interest expense 3 million The company has a 40% tax rate, and its WACC is 14% 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 (t - 1? Round your answer to the nearest dollar b. If this project would cannibalize other projects by $1.5 million of cash flow before taxes per year, how would this change your answer to part 07 Round your answer to the The firm's OCF would now be s c. Ignore Part b. If the tax rate dropped they would that change your answer to part a Round your answer to the nearest dollar. The firm's operating cash flow woul by