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#2: You have the following income statement for 2021 (in millions of dollars) of Jet Inc.: The company forecasts that its sales will increase by

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#2: You have the following income statement for 2021 (in millions of dollars) of Jet Inc.: The company forecasts that its sales will increase by 14% in 2022 and its operating costs will increase in proportion to sales. The company's interest expense is expected to remain at $36 million, and the tax rate will remain at 40%. The company plans to pay out 60% of its net income as dividends with the remaining to be added to retained earnings. What is the forecasted addition to retained earnings for 2022? Round your answer to the nearest $ million

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