Task 1: The firm is estimating the first-year operating cash flow (at t = 1) for a proposed project. The information is available: Projected sales 610 million Operating costs (excluding depreciation) 7 million Depreciation 2 million Interest expense 62 million The firm faces a 30% tax rate. Determine the project's after-tax operating cash flow for the first year Task 2: The firm's cost of common equity le 16%. Ito batore-tax cout of debt la 13%, hd its marginal tax rate The stock solls at book value. Using the following balance sheet, calculate the firm's after-tax w average cost of capital: Labukond Eculty Assete Cash Accounts receivable Inventories Not fixed assets Totalausets 120 240 300 2100 PAO Lontorm dat Equity TOMU niend naulty GK12 K728