Etobicoke Enterprises is deciding whether to expand its production faalities. Although long-term cesh flows are difficult to estimate, management has projected the following cash flows for the first two years (in millions of dollars) Click on the icon located on the top-right corner of the data table below to copy its information into a spreadsheet.) Year 1 Year 2 COGS and Operating Expenses (other than depreciation) Depreciation (CCA) Increase in Net Working Capital Capital Expenditures 128.3 48.6 204 3.7 25.2 35% 167.6 50.1 25.1 7.5 39.2 35% ate Tax Rate 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? (Note Assume any incremental cost of goods sold is included as part of operating expenses) a. Calculate the incremental earnings for Year 1 of this project below: (Round to one decimal place. Incremental Earnings Forecast (millions) Sales Operating Expenses CCA EBIT Income tax at 35% Unlevered Net Income Year 1