\begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ year end; in \$ millions) } \\ \hline Income Statement & 2015 & 2016 & 2017 & 2018 & 2019 \\ \hline Revenue & 407.8 & 364.9 & 423.4 & 510.4 & 603.1 \\ \hline Cost of Goods Sold & (188.4) & (173.3) & (209.7) & (250.5) & (289.7) \\ \hline Gross Profit & 219.4 & 191.6 & 213.7 & 259.9 & 313.4 \\ \hline Sales and Marketing & (66.6) & (65.8) & (84.4) & (99.8) & (118.1) \\ \hline Administration & (60.1) & (59.7) & (59.6) & (67.8) & (77.8) \\ \hline Depreciation \& Amortization & (27.8) & (27.4) & (34.4) & (36.6) & (40.6) \\ \hline EBIT & 64.9 & 38.7 & 35.3 & 55.7 & 76.9 \\ \hline Interest Income (Expense) & (32.5) & (34.2) & (32.0) & (36.8) & (39.3) \\ \hline Pretax Income & 32.4 & 4.5 & 3.3 & 18.9 & 37.6 \\ \hline Income Tax & (11.3) & (1.6) & (1.2) & (6.6) & (13.2) \\ \hline Net Income & 21.1 & 2.9 & 2.1 & 12.3 & 24.4 \\ \hline Shares Outstanding (millions) & 53.8 & 53.8 & 53.8 & 53.8 & 53.8 \\ \hline Earnings per Share & $0.39 & $0.05 & $0.04 & $0.23 & $0.45 \\ \hline Balance Sheet & 2015 & 2016 & 2017 & 2018 & 2019 \\ \hline \multicolumn{6}{|l|}{ Assets } \\ \hline Cash & 49.5 & 64.9 & 72.5 & 60.3 & 75.1 \\ \hline Accounts Receivable & 86.9 & 67.9 & 71.2 & 78.3 & 87.5 \\ \hline Inventory & 32.1 & 32.6 & 28.5 & 30.8 & 33.9 \\ \hline Total Current Assets & 168.5 & 165.4 & 172.2 & 169.4 & 196.5 \\ \hline Net Property, Plant \& Equipment & 241.7 & 246.9 & 307.7 & 344.6 & 349.3 \\ \hline Goodwill \& Intangibles & 361.7 & 361.7 & 361.7 & 361.7 & 361.7 \\ \hline Total Assets & 771.9 & 774.0 & 841.6 & 875.7 & 907.5 \\ \hline \multicolumn{6}{|l|}{ Liabilities \& Stockholders' Equity } \\ \hline Accounts Payable & 17.5 & 16.4 & 21.4 & 27.4 & 31.7 \\ \hline Accrued Compensation & 6.7 & 6.5 & 7.7 & 7.3 & 9.8 \\ \hline Total Current Liabilities & 24.2 & 22.9 & 29.1 & 34.7 & 41.5 \\ \hline Long-Term Debt & 496.8 & 496.8 & 570.1 & 594.2 & 594.2 \\ \hline Total Liabilities & 521.0 & 519.7 & 599.2 & 628.9 & 635.7 \\ \hline Stockholders' Equity & 250.9 & 254.3 & 242.4 & 246.8 & 271.8 \\ \hline \begin{tabular}{l} Total Liabilities \& Stockholders' \\ Equity \end{tabular} & 771.9 & 774.0 & 841.6 & 875.7 & 907.5 \\ \hlineStatementofCashFlows & 2015 & 2016 & 2017 & 2018 & 2019 \\ \hline Net Income & 21.1 & 2.9 & 2.1 & 12.3 & 24.4 \\ \hline Depreciation \& Amortization & 27.8 & 27.4 & 34.4 & 36.6 & 40.6 \\ \hline Change in Accounts Receivable & 3.9 & 19.0 & -3.3 & (7.1) & (9.2) \\ \hline Change in Inventory & (2.9) & (0.5) & 4.1 & (2.3) & (3.1) \\ \hline Change in Pay. \& Accrued Comp. & 2.2 & (1.3) & 6.2 & 5.6 & 6.8 \\ \hline Cash from Operations & 52.1 & 47.5 & 43.5 & 45.1 & 59.5 \\ \hline Capital Expenditures & (26.4) & (25.8) & (102.9) & (75.1) & (38.4) \\ \hline Cash from Investing Activ. & (26.4) & (25.8) & (102.9) & (75.1) & (38.4) \\ \hline Dividends Paid & (6.3) & (6.3) & (6.3) & (6.3) & (6.3) \\ \hline Sale (or Purchase) of Stock & - & - & - & - & - \\ \hline Debt Issuance (Pay Down) & - & - & 73.3 & 24.1 & - \\ \hline Cash from Financing Activ. & (6.3) & (6.3) & 67.0 & 17.8 & (6.3) \\ \hline Change in Cash & 19.4 & 15.4 & 7.6 & (12.2) & 14.8 \\ \hline Mydeco Stock Price & $7.76 & $3.11 & $4.42 & $7.81 & $12.53 \\ \hline \end{tabular} See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased additional equipment for $11.3 million at the end of 2016 , and this equipment was depreciated by $3.8 million per year in 2017,2018, and 2019. Given Mydeco's tax rate of 35\%, what impact would this additional purchase have had on Mydeco's net income in years 2016-2019? (Assume the equipment is paid for out of cash and that Mydeco earns no interest on its cash balances.) Calculate the new net income below: (Round to one decimal place.)