Oakdale Enterprises is deciding whether to expand its production facilities. 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 in order to copy its information into a spreadsheet. Year 1 Year 2 Revenues 127.4 161.6 Operating expenses (other than depreciation) 33.6 61.7 Depreciation 27.7 35.3 Increase in net working capital 2.2 7.1 Capital expenditures 33.7 38.4 Marginal corporate tax rate 30% 30% a. What are the incremental earnings for this project for years 1 and 2? b. What are the free cash flows for this proiect for the first two vears? a. Calculate the incremental earnings for Year 1 of this project below: (Round to one decimal place.) Incremental earnings forecast (millions) Year 1 Sales $ Operating expenses Depreciation EBIT Income tax at 30% Unlevered net profit $ Calculate the incremental earnings for Year 2 of this project below: (Round to one decimal place.) Incremental earnings forecast (millions) Year 2 Sales $ Operating expenses Depreciation EBIT CA Income tax at 30% $ Unlevered net profit b. Calculate the free cash flows for Year 1 of this project below: (Round to one decimal place.) Free cash flow (millions) Year 1 $ Depreciation Capital expenditure Change in NWC $ Free cash flow Calculate the free cash flows for Year 2 of this project below: (Round to one decimal place.) Free cash flow (millions) Year 2 Depreciation $ Capital expenditure Change in NWC Free cash flow $