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plzzzzzzzz help Elmdale Enterprises is deciding whether to expand its production facilities. Although long-term cash flows are difficult to estimate, management has projected the following

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plzzzzzzzz help

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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): Year 1 Year 2 Revenues 111.8 160.7 COGS and Operating expenses (other than depreciation) 43.7 64.7 Depreciation 28.3 33.3 Increase in working capital 5.1 8.5 Capital expenditures 34.1 44.2 Corporate tax rate 20% 20% a. What are the incremental earnings for this project for years 1 and 2? b. What are the free cash flows for this project for the first two years? a. What are the incremental earnings for this project for years 1 and 2? The incremental earnings for year 1 is $ |million. (Round to one decimal place.) The incremental earnings for year 2 is $ million. (Round to one decimal place.) b. What are the free cash flows for this project for the first two years? The free cash flow for year 1 is $ million. (Round to one decimal place.) The free cash flow for year 2 is $| | million. (Round to one decimal place.) Enter your answer in each of the answer boxes

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