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projected the following cash flows for the first two years (in millions of dollars): a spreadsheet.) Year 1 Year 2 Revenues 113.6 153.7 COGS

 

projected the following cash flows for the first two years (in millions of dollars): a spreadsheet.) Year 1 Year 2 Revenues 113.6 153.7 COGS and Operating expenses other than depreciation 43.5 39.8 Depreciation 20.4 38.1 Increase in net working capital 5.9 7.8 Capital expenditures 25.7 42.8 Marginal corporate tax rate 28% 28% 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?.

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