Question $6,$ P $9-14($similar to$)$

HW Score: $70\%,7$ of $10$ points

Part $1$ of $2$

Points: $0$ of $1$

b$.$ What are the free cash flows for this project for years $1$ and $2?$

Calculate the incremental earnings of this project below: $($Round to one decimal plac$.)$

Incremental Earnings Forecast $($millions$)$

Year $1$

Year $2$

Sales

Operating Expenses

Depreciation EBIT

Income tax at $21\%$

Unlevered Net Income

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[,$Year $1,$Year $2],[$Revenues$,120\mathrm{.}8,167\mathrm{.}6],[$Operating Expenses $($other than depreciation$),49\mathrm{.}3,61\mathrm{.}2],[$Depreciation$,26\mathrm{.}8,42\mathrm{.}9],[$Increase in Net Working Capital,$2\mathrm{.}4,8\mathrm{.}4],[$Capital Expenditures,$25\mathrm{.}6,40\mathrm{.}1],[$Marginal Corporate Tax Rate,$21\%,21\%$