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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
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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