Elmdale Enterprises is 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):

	Year 1	Year 2
Revenues	118.1	151.1
COGS and Operating expenses (other than depreciation)	45.7	47.6
Depreciation	22.2	38.3
Increase in working capital	5.5	8.6
Capital expenditures	25.8	41.8
Marginal corporate tax rate	41%	41%

a. What are the incremental earnings for this project for years 1 and 2?

The incremental earnings for year 1 is --------$million. (Round to one decimal place.)

b) The incremental earnings for year 2 is ---------$million. (Round to one decimal place.)

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