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o eBook Problem Walk-Through Problem 12-02 AFN equation Broussard Skateboard's sales are expected to increase by 15% from $8.0 million in 2016 to $9.20 million in 2017. Its assets totaled $5 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 70%. What would be the additional funds needed? Do not round Intermediate calculations. Round your answer to the nearest dollar. Assume that an otherwise identical firm had $6 million in total assets at the end of 2016. The identical firm's capital intensity ratio (Ao*/50) is Select than Broussard's; therefore, the identical firm is-Select capital intensive - It would require Select w/ increase in total assets to support the increase in sales Questions Navigation Menu Check My Work (a remaining) Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,230.00 Operating costs (excluding depreciation) 3,066.00 EBITDA $1,164.00 Depreciation 335.00 EBIT $829.00 Interest 130,00 EBT $699.00 Taxes (40%) 279.60 Net Income $419.40 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 4% higher than $4.23 billion in sales generated last year, Year-end operating costs, excluding depreciation, are expected to increase at the same rates as sales. Depreciation costs are expected to increase at the same rate as sales. Interest costs are expected to remain unchanged. The tax rate is expected to remain at 40%. On the basis of this information, what will be the forecast for Edwin's year-end net income? Round your answers to two decimal places. Do not round Intermediate calculations. Enter all values as positive numbers. On millions of dollars) Sales Operating costs (excluding depreciation) EBITDA Depreciation EBIT Interest EBT $ Taxes Net income