An acquirer is in the process of buying 100% of a target, entirely funded by equity. The closing date is expected to be December 31st of the fiscal year and the fiscal year end is January 31st for both companies. Below are the forecast income statements for the fiscal year to January 31st. Calculate the group net income assuming no synergies for this year. The tax rate is 30%. Acquirer Target Sales 5,873.0 1,802.0 COGS 2,056.0 450.0 Gross profit 3,817.0 1,352.0 SG&A 2,349.0 811.0 Operating profit 1,468.0 541.0 Interest income 11.0 1.0 Interest expense 200.0 80.0 Profit before tax 1,279.0 462.0 Tax expense 388.0 136.0 Net income 891.0 326.0