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 1 109.3 42.1 23.3 4.7 31.7 35% Year 2 161.6 37.4 39.3 7.1 36.7 35% 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