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Austin Geocers recently reported the following 2021 incorne statement (in millions of dollars): For the coming year, the company is forecasting a 30% increase in

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Austin Geocers recently reported the following 2021 incorne statement (in millions of dollars): For the coming year, the company is forecasting a 30% increase in sales, and it expects that its year-end operating costs, including depreciation, wilf equal 75% of sales. Austin's tax rote, interest expense, and dividend payout ratio are all expected to remain constant. a. What is Austin's projected 2022 net income? Enter your answer in millions. For exarple, an answer of $13,000,000 should be entered as 13 . Do not round intemediate calculstions. Aound your answer to two decimal places. 3) (2) instien 6. What is the expected growth rate in Austin's dividends? Do not round intermediate calculations. flound your answer to two decimal piaces. Q)

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