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Elmdale Enterprises is deciding whether to expand its production facilities. Although long-term cash flows are...

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Accounting

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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 millions of dollars): (Click on the following icon a. What are the incremental earnings for this project for years 1 and 2 ? a. What are the incremental earnings for this project for years 1 and 2 ? The incremental earnings for year 1 is $ million. (Round to one decimal place.) The incremental earnings for year 2 is $ million. (Round to one decimal place.) b. What are the free cash flows for this project for the first two years? The free cash flow for year 1 is $ million. (Round to one decimal place.) The free cash flow for year 2 is $ million. (Round to one decimal place.)

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