$($Click on the icon located on the top$-$right corner of the data table below to copy its information into a spreadsheet.$)$

a$.$ What are the incremental earnings for this project for years $1$ and $2?($Note: Assume any incremental cost of goods sold is included as part of operating expenses.$)$

b$.$ What are the free cash flows for this project for the first two years?

CCA

EBIT

Income tax at $35\%$

Unlevered Net Income

$($Round the final answer to two decimal places. Round all intermediate values to two decimal places as needed.$)$

b$.$ Calculate the free cash flows for Year $1$ of this project below.

Free Cash Flow

$($Round the final answer to two decimal places. Round all intermediate values to two decimal places as needed.$)$

Calculate the free cash flows for Year $2$ of this project below.

Free Cash Flow $($millions$)$

Year $2$

CCA

$

Capital Expenditure

Change in NWC

Free Cash Flow

$($Round the final answer to two decimal places. Round all intermediate values to two decimal places as needed.$)$