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500 ebook ustin Grocers recently reported the following 2021 Income statement (in mitions of dollars): Sales $700 Operating costs including depreciation EBIT $200 Interest EBT

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500 ebook ustin Grocers recently reported the following 2021 Income statement (in mitions of dollars): Sales $700 Operating costs including depreciation EBIT $200 Interest EBT Taxes (25%) Net Income Dividends Addition to retained earnings For the coming year, the company is forecasting a 25% increase in sales, and it expects that its your and operating costs, including depreciation, will equal 70% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant a. What is Austin projected 2022 net income? Enter your answer in millions. For example, an answer or $13,000,000 should be entered us 13. Do not found intermediate Round your two 40 $160 40 $120 $40 $80 million b. What is the expected growth rate in Austin's dividends? Do not round intermediate calculations. Round your answer to two decimal places

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