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At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars) Sales Operating costs excluding depreciation EBITDA Depreciation

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At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars) Sales Operating costs excluding depreciation EBITDA Depreciation 1 EBIT Inter EST Taxes (25%) Net income $3,000 2,450 $550 250 $300 124 $176 44 $132 B Looking ahead to the following year, the company's CFO has assembled this information Year end sales are expected to be 10% higher than the $3 billion in sales generated last year Year-end operating costs, excluding depreciation, are expected to equal 70% of year-end sales Depreciation is expected to increase at the same rate as sales Interest costs are expected to remain unchanged The tax rate is expected to remain at 25% On the basis of that information, what will be the forecast for Roberts year-end net income? Enter your answer in mitions, for example, an answer of $25,400,000 should be entered as 25.40. Do not round intermediate calculations. Round your answer to two decimal places 6-2

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