Oviedo Products 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 accountant has collected the following information on the project:

Revenues

$$15,000,000$

Operating exp.

$13,500,000$

Interest exp.

$1,000,000$

The company has a $25\%$ tax rate, and its WACC is $11\%.$

What is the project$$s cash flow for the first year $($t$=1)?$