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$)$:

$\backslash$table$[[,$Year $1,$Year $2],[$Revenues$,110\mathrm{.}4,164\mathrm{.}2],[$COGS and Operating expenses $($other than depreciation$),39\mathrm{.}9,62\mathrm{.}9],[$Depreciation$,21\mathrm{.}9,30\mathrm{.}9],[$Increase in working capital,$3\mathrm{.}7,7\mathrm{.}1],[$Capital expenditures,$32\mathrm{.}3,45\mathrm{.}9],[$Corporate tax rate,$20\%,20\%$