oh sorry I forgot the rest the rest of the question, it says.
The company has a 40% tax rate, and its WACC is 10%
a. What is the projects net cash flow for the first year (t=1)?
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 a?
c. Ignore Part b. If the tax rate dropped to 30%. How would that change your answer to part a?