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 119.4 157.8 39.4 62.6 26.6 39.4 COGS and Operating expenses (other than depreciation) Depreciation Increase in working capital Capital expenditures Corporate tax rate 3.6 7.1 34.3 38.8 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