eBook Cosen Communications is trying to estimate the first-year net operating cash row (at Year 1) for a proposed project. The financial staff has collected the following information on the project Sales revenues $5 million Operating costs (excluding depreciation)3.5 million Depreciation 1 million interest expense 1 million The company has a 40% tax rate, and its WACC 5 12% Write out your answers completely. For example, 13 million should be entered as 13,000,000 What is the project's operating cash flow for the first year (t - 17 Round your answer to the nearest dollar, b. If this project would cannibolize other projects by $0.5 million of cash flow before taxes per year, how would this change your answer to parto? found your answer to the nearest dollar The firm's OCF would now be $ c. Ignore Part b. If the tax rate dropped to 30%, how would that change your arewer to parta? Round your answer to the nearest dollar The firm's operating cash flow would set by $