ts Elmdale Enterprises is deciding whether to expand its production facilities. Although long-term cash flows are difficult to estimate, management has projected the F following cash flows for the first two years (in Millions of dollars): Year 1 Year 2 Revenues 121.4 156.9 COGS and Operating expenses (other than depreciation) 403 60.3 Depreciation 235 33.6 Increase in working capital 5.7 8.8 Fork Capital expenditures 265 37.4 Marginal corporate tax rate 39% 39% /Tes a. What are the incrementalarnings 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 you 1 is $. milion (Round to one decimal place.)