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 D Revenues 129.3 1572 COGS and Operating Expenses (other than depreciation) 34.5 53.7 Depreciation 29.9 43.8 Increase in Net Working Capital 3.4 7.7 Capital Expenditures 26.8 42.4 Marginal Corporate Tax Rate 35% 35% a. What are the incremental earings 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 2? b. What are the free cash flows for this project for years 1 and 2? Calculate the free cash flows of this project below: (Round to one decimal place.) Free Cash Flow (millions) Year 1 Year 2 Unlevered Net Incomo Depreciation $ Capital Expenditure Change in NWC Free Cash Flow $ $ $ $ $ Enter any number in the edit fields and then continue to the next