Austin Grocers recently reported the following 2018 income statement (in millions of dollars):

Sales$700

Operating costs including depreciation 500

EBIT$200

Interest 40

EBT$160Taxes (40%)64

Net income$96

Dividends$32

Addition to retained earnings$64

For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 75% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant.

• What is Austin's projected 2019 net income? Enter your answer in millions. For example, an answer of $13,000,000 should be entered as 13. Round your answer to two decimal places.

$__million

• What is the expected growth rate in Austin's dividends? Do not round intermediate calculations. Round your answer to two decimal places.

_%