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? (b) What are the Free Cash Flows (FCF) for this project for years 1 and 2? Year 1 Year 2 Revenues 127.6 159.8 COGS and Operating expenses (other than depreciation) 40.6 43.7 Depreciation 21.4 33.6 Increase in working capital 5.9 7.3 Capital expenditures 34.4 41.3 Corporate tax rate 20% 20%