PROJECT CASH FLOW estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff has collected the following information on the project Colsen Communications trying Sales revenues $25 million Operating costs (excluding depreciation) 17.5 million million Depreciation Interest expense million The company has a 40% tax rate, and its WACC is 13% Write out your answers completely. For example, 13 million should be entered as 13,000,000. a. What is the project's cash flow for the first year (t 1)? Round your answer to the nearest dollar. b. If this project would cannibalize other projects by $2.5 million of cash flow before taxes per year, how would this change your answer to part a? Round your answer dollar The firm's project's cash flow would now be $ the nearest c. Ignore part b. The firm's project's cash flow would -Select- by f the tax rate dropped to 35%, how would that change your answer to part a? Round your answer to the nearest dollar