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$)$:

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

a$.$ What are the incremental earnings for this project for years $1$ and $2?($Note: Assume any incremental cost of goods sold is included as part of operating expenses.$)$

Calculate the incremental earnings of this project below: $($Round to one decimal place$)$

$\backslash$table$[[$Incremental Earnings Forecast $($millions$),,$Year $1,$Year $2],[$Sales$,$$$,$$$,],[$Operating Expenses,$$,$$$,],[$Depreciation$,,$$$,],[$EBIT$,$$$,$$$,],[$Income tax at $21\%,$$$,$$$,],[$Unlevered Net Income,$$,,]]$

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet$)$

$\backslash$table$[[,$Year $1,$Year $2],[$Revenues$,121\mathrm{.}8,151\mathrm{.}1],[$Operating Expenses $($other than depreciation$),47\mathrm{.}5,50\mathrm{.}1],[$Depreciation$,212,29\mathrm{.}6],[$Increase in Net Working Capital,$2\mathrm{.}6,82],[$Capital Expenditures,$295,42\mathrm{.}6],[$MarginalCorporate Tax Rate,$21\%,21\%$

Please anwser both parts of the question. Thank you!