Emdale Enterprises de deciding whether to expand its production tacilities. Although long-term cash flows are difficult to estimate, management has projected the following cash flows for the first two years in milions of dollars) Year 2 1681 394 307 88 Year 1 Revenues 120.8 COGS and Operating expenses (other than depreciation) 405 Depreciation 221 Increase in working capital 4.1 Capital expenditures 312 Marginal corporate tax rate 32 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? 423 32% .. What are the incremental amings for this project for years 1 and 2? The incremental datings for year 1 a 5 million (Round to one decimal place)