Etobicoke Enterprises is deciding whether to expand its production facilites. 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): 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 2 128 evnueS COGS and Operating Expenses (other than depreciation) Depreciation (CCA) Increase in Net Working Capital Capital Expenditures Marginal Corporate Tax Rate 41.9 22.9 3.5 32.9 35% 154.8 62.7 30.4 8.1 44.4 35% a. What are the incremental earnings for this project for years 1 and 2? (Note: Assume any incremental cost of goods sold is included as part of operating expenses.) b. What are the free cash flows for this project for the first two years? a. Calculate the incremental eanings 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