following cash flows for the first two years (in millions of dollars): Year 1 Year 2 Revenues 123.5 163.1 COGS and Operating Expenses (other than depreciation) 34.5 51.8 Depreciation 28.4 42.8 Increase in Net Working Capital 2.7 7.1 Capital Expenditures 25.1 41.2 Marginal Corporate Tax Rate 35% 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 years 1 and 2? Year 1 Year 2 Revenues 123.5 163.1 COGS and Operating Expenses (other than depreciation) 34.5 51.8 Depreciation 28.4 42.8 Increase in Net Working Capital 2.7 7.1 Capital Expenditures 25.1 41.2 Marginal Corporate Tax Rate 35% 35% a. What are the incremental earnings for this project for years 1 and 27 (Note: Assume any incremental cost of goods sold is included as part of operati expenses.) b. What are the free cash flows for this project for years 1 and 2? Operating Expenses Depreciation EBIT Income tax at 35% $ $ $ Unlevered Net Income $