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): Revenues COGS and Operating expenses (other than depreciation) Depreciation Increase in working capital Capital expenditures Marginal corporate tax rate Year 1 120.8 48.2 20.5 5.5 29.9 43% Year 2 153.6 58.6 38.1 7.7 38.3 43% 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