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 1 110.1 42.2 25.5 4.5 29.4 37% Year 2 152.8 61.7 33.4 8.1 43.6 37% 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