Elmdale Enterprises ia deciding whether to expand its production facilities. Although long term cash flows are difficult to estimate management has projected the following cash flows for the first two years in millions of dollars) a. What are the incrementat samings for this project for you and 22/NoteAnume any incremental cost of goods is howed as part of ringer b. What are the free cash fows for this project for years 1 and 2 a. What are the incremental earnings for this project for years 1 and 27 (Note: Assumo any incremental cost of poods sold is included as part of operating expenses) Calculate the incremental earnings of this project below Round to one decimal ace) Incremental Earnings Forecast (millone) Year 1 Sales Operating Expenses Depreciation Year 2 34.8 Operating Expenses Depreciation EBIT Income tax at 21% $ $ Unlevered Net Income (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 Year 1 123.5 32.7 24.4 3.2 32.6 Year 2 158.3 59.6 43.6 7.9 40.7