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	104.1	158.9
COGS and Operating expenses (other than depreciation)	39.9	57.6
Depreciation	28.3	31.3
Increase in working capital	4.3	8.2
Capital expenditures	34.2	38.6
Corporate tax rate	20%	20%

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

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

*round to one decimal place*