Please solve for letter a and b

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): 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.) 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 below: (Round to one decimal place.) Incremental Earnings Forecast (millions) Year 1 Year 2 Sales $ Operating Expenses $ $ $ $ Depreciation $ EBIT $ $ Income tax at 21% $ $ Unlevered Net Income $ $ Year 1 Year 2 154.7 66.9 27.9 Revenues Operating Expenses (other than depreciation) Depreciation Increase in Net Working Capital Capital Expenditures Marginal Corporate Tax Rate 120.9 39.7 21.9 3.4 33.1 21 % 8.4 36.7 21 %