3.2. Forecasting from Core Income (Medium) A firm reported the following income statement (amounts in millions): Net sales Cost of goods sold Selling and administrative expense Restructuring charges Loss on asset sale Operating income Interest expense Income before taxes Income taxes Net income $ 496 240 48 12 18 178 18 160 40 120 The firm's tax rate is 35 percent. You have been asked to forecast the future profit margin based on this information. What is your best estimate