Eimdale Enterprises is deciding whether to expand its production facilities. Although long-term cash flows are difficult to estimato, management has projected the following cash flows for the first two years on milions of dotars) a What are the incremental earnings for this project for years 1 and 27 (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 years 1 and 29 a. What are the incremental eamings for this project for years 1 and 27 (Note Assume any incremental cost of goods sold is included as part of operating expenses Calculate the incremental earnings of this project below Incremental Earnings Forecast (millions) (Round to one decimal place) Year 1 Year 2 Sales Operating Expenses Depreciation EBIT income tax at 21% Unlevered Net Income $ 5 $ sb 5 5 $ Data table (Click on the following icon in order to copy its contents into a spreadsheet) Revenues Operating Expenses (other than depreciation). Depreciation Increase in Net Working Capital Capital Expenditures Marginal Corporate Tax Rate Print Done Year 1 121.2 49.7 29.2 2.6 25.2 21% Year 2 156.1 61.5 38.6 8.3 43.5 21% X lov