Homework: Homework Chapter 9 Save Score: 0 of 3 pts 4 of 9 (1 complete) HW Score: 6.67%, 1 of 15 pts P 9-14 (similar to) Question Help Elmdale Enterprises in deciding whether to expand its production facilities. Although long-term cash flows are difficult to estimato, management has projected the following cash flows for the first two years fin millions of dollars) What to 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? lots. 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 operating expenses.) now Calculate the incremental earnings of this project below: (Round to ono decimal place.) VOY Incremental Earnings Forecast (millons) Year 1 Year 2 Sales $ $ Operating Expenses of Depreciation $ EBIT Income tax at 21% pital Unleverd Net Income $ $ $ $ Sreda $ $ $ $ What 202 Enter any number in the edit fields and then click Check Answer 1 port remaining Clear All Check Answer so 2020 po Data Table X (Click on the following icon in order to copy its contents into a spreadsheet.) Revenues Operating Expenses (other than depreciation) Depreciation Increase in Net Working Capital Capital Expenditures Marginal Corporate Tax Rate Year 1 123.5 34.6 23.3 3.1 30.7 21 % Year 2 168.4 51.8 44.6 7.8 35.1 21 % Print Done