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At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,180.00 Operating costs (excluding depreciation) 3,087.00 EBITDA

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

Sales $4,180.00
Operating costs (excluding depreciation) 3,087.00
EBITDA $1,093.00
Depreciation 320.00
EBIT $773.00
Interest 160.00
EBT $613.00
Taxes (40%) 245.20
Net income $367.80

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

  • Year-end sales are expected to be 5% higher than $4.18 billion in sales generated last year.
  • Year-end operating costs, excluding depreciation, are expected to increase at the same rates as 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? Round your answers to two decimal places. Do not round intermediate calculations. Enter all values as positive numbers.

(in millions of dollars)
Sales $
Operating costs (excluding depreciation)
EBITDA $
Depreciation
EBIT $
Interest
EBT $
Taxes
Net income $

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