An acquirer is in the process of buying 100% of a target, entirely funded by equity. The closing date is expected to be September 30th 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 the fiscal year to January 31st. The tax rate is 30%. Acquirer Target 5,873.0 1,802.0 2,056.0 450.0 3,817.0 1,352.0 811.0 2,349.0 1,468.0 541.0 Sales COGS Gross profit SG&A Operating profit Interest income Interest expense Profit before tax Tax expense Net income 11.0 1.0 80.0 200.0 1,279.0 462.0 388.0 136.0 891.0 326.0