Suppose a firm's tax rate is 35%. a What effect would a $9.93 million operating expense have on this year's earnings? b. What effect would an $8.35 million capital expense have on this year's earnings if the capital is depreciated at a rate of $1.67 million per year for five years? What effect would it have on next year's earnings? a What effect would a $9.93 million operating expense have on this year's earnings? Earnings would increase (decline) by $ million. (Round to two decimal places, and use a negative number for decline.)