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Elmdale Enterprises is deciding whether to expand its production facilities. Although long - term cash flows are difficult to estimate, management has projected the following

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): (Click on the following icon in order to copy its contents into a spreadsheet.)
\table[[,Year 1,Year 2],[Revenues,100.8,165.9],[COGS and Operating expenses other than depreciation,43.4,44.5],[Depreciation,22.6,30.3],[Increase in net working capital,4.4,8.4],[Capital expenditures,25.1,40.3],[Marginal corporate tax rate,25%,25%
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