please show all work/formulas, especially if youre using excel as im not good woth excel

Elmdale 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 milions of dollars) 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 years 1 and 2? Incremental Earnings Forecast (millions) Year 1 Year 2 Sales $ $ Operating Expenses $ $ Depreciation $ $ EBIT $ $ Income tax at 21% $ $ Unlevered Net Income $ $ Enter any number in the edit fields and then click Check Answer 10 of 15 (10 complete) HW g whether to expand its production facilities. Although long-term cash flows are difficult to estimate, management has project ollars): rnings for this project for years 1 and 2? (Note: Assume any incremental cost of goods sold is included as part of operating exp i Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Revenues Operating Expenses (other than depreciation) Depreciation Increase in Net Working Capital Capital Expenditures Marginal Corporate Tax Rate Year 1 120.6 43.6 20.2 2.1" 32.5 21 % Year 2 164.2 64.6 44.8 7.3 41.5 21% Print Done III O