Transcribed image text: Assignment: Chapter 12 - EOC Questions (CNOW) Assement Score: 3000 Sve Submit Anment for Grading Questions Problem 12.02 (Project Cash Flow) Question 7 of 10 Check My Work (2 remaining) Book Cosen 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 stal has collected the following information on the project: Sales revenues $15 million Operating costs 12 million Interest expense 1 million The company has a 25% tax rate, and its WACC is 10% write out your answers completely. For example, 13 million should be entered as 13,000,000 . What is the project's operating cash flow for the first year (t = 1)? Round your answer to the nearest dollar 5 b. If this project would cannibalize other projects by $1 million of cash flow before taxes per year how would this change your answer to part around your answer to the nearest dollar The firm's of would now be s Check Sty Worksmaining 0 kort Problem 12.02 Project Cash Flow) Question of 10 Sunt Assignment for Grading Sve