please answer a and b

Etobicoke 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 1212 157.4 Operating Expenses (other than depreciation) 46.7 68.9 CCA 292 344 Increase in Net Working Capital 2.9 7.5 Capital Expenditures 27.7 40.1 Marginal Corporate Tax Rate 35% 35% a What are the incremental earnings 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 project for the first two years? a Calculate the incremental earnings for Year 1 of this project below (Round to one decimal place.) Incremental Earnings Forecast (millions) Year 1 Sales Operating Expenses CCA EBIT Income tax at 35% Unlevered Net Income