rebiected Itsa foldiwng inturmabisn is the project Soles reviture is is malion Cperation coato 4 minon Than filicic ocr waild now be i 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 collectied the following information on the project: Sales revenues $5 million Operating costs 4 million interest expense 2 milion The company has a 25% tax rate, and its Wacc is 11%. Write out your answers completely. For example, 13 mililon should be entered as 13,000,000. a. What is the proiect's operating cash fiow for the first year (t=1) ? Round your answer to the nearest dollar. b. If this project would cannibalize other projects by $0,5 million of cash flow before taxes per year, how would this change your answer to part a? Round your answer to the nearest dollar. The firm's OCF would now be $