Question 49 2.75 pts Colsen Communications 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 financial staff has collected the following information on the project: Sales revenuet = $12 million Operating costs = $9.8 million Interest expense = $2 million. The company has a 25% tax rate, and its WACC is 10%. What is the project's operating cash flow for the first year (t = 1)? $1.65 million $0.15 million $1.205 million $1.815 million