Part 1 of 2 Points: 0 of 4 Elmdale 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) 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? 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) Calculate the incremental earnings of this project belowi (Round to one decimal place.) Incremental Earnings Forecast (millions) Year 1 Year 2 Data table Sales $ Operating Expenses (Click on the following icon e) in order to copy its contents into a spreadsheet ) Depreciation EBIT Year 1 Revenues Income tax at 21% 127.9 Operating Expenses other than depreciation) 33.5 Unlevered Net Income Depreciation 23.5 Increase in Net Working Capital 2.2 Capital Expenditures 26.9 Marginal Corporate Tax Rate 21% Year 2 159.8 607 31.7 8.6 433 21% Print Done