Homework: Lab 9 Score: 0 of 1 p Problem 9-10 4of11 (2 complete) Hw Score: 9.09%, 1 of 1 1 pts Question Help * Etobicoke Enterprises is deciding whether to expand its production facilies Alhough long-tem cash flows are diffcuit to estimabe, management has projected the following cash flows for the frst two years (in miltions of dollars Year 1 Year 2 Revenues COGs and Operating Expenses (other than depreciation) Deprecialion (CCA) increase in Net Working Capital Capital Expenditures Marginal Corporate Tax Rate 124.9 35.9 20 4 3.1 31.7 35% 67.5 65.4 40.1 8.3 35.7 35% a. What are the incremental earmings for this project for years 1 and 27 (Note: Assume any incremental cost of goods sold is included as part of operating expenses.) b.What are the free cash flows for this oroect for the first two vears