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At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,100.00 Operating costs excluding depreciation 3,008.00 EBITDA

At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars):

Sales $4,100.00 Operating costs excluding depreciation 3,008.00 EBITDA $1,092.00 Depreciation 340.00 EBIT $752.00 Interest 130.00 EBT $622.00 Taxes (40%) 248.80 Net income $373.20

Looking ahead to the following year, the company's CFO has assembled this information:

Year-end sales are expected to be 4% higher than $4.1 billion in sales generated last year.

Year-end operating costs, excluding depreciation, will equal 70% of 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? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Enter all values as positive numbers. Do not round intermediate calculations. Round your answers to two decimal places. (in millions of dollars)

Sales $

Operating costs excluding depreciation

EBITDA $

Depreciation

EBIT $

Interest

EBT $

Taxes

Net income $

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