Roosevelt Manufacturing is trying to estimate the Year 1 operating cash flow 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: Sales revenues $9.8 million Operating costs 5.0 million Interest expense 1.8 million Roosevelt has also determined that this project would cannibalize one of its other projects by $1.2 million of cash flow (before taxes) per year. The firm has a 20 percent tax rate, and its WACC is 10 percent. Calculate the projects operating cash flow for Year 1. a. $3,840,000 b. $2,880,000 c. $2,400,000 d. $1,440,000 e. $1,640,000