Cologne is buying 85% of Stuttgart and wants to understand what the proforma income statement might look like for the following 12 months.

The financing involved using 392MM of Cologne's balance sheet cash, an issuance of Cologne debt of 2,940MM and a Cologne equity issuance of 1,960MM.

Interest rates are 7.5% for deal debt and 1.5% for cash. SG&A synergies are expected to be 34MM per annum by reducing staff costs at Stuttgart. Deal goodwill is expected to be 680MM. The tax rate is 32%.

Using the information given below for each business standalone (no adjustments have yet been made as a result of the deal), what is consolidated NCI?

A) 90.1

B) 226.9

C) 216.7

D) 285.4

Cologne Stuttgart Sales 8,624.0 2,646.0 COGS 3,018.4 661.5 Gross profit 5,605.6 1,984.5 SG&A 3,449.6 1,190.7 Operating profit 2,156.0 793.8 Interest income 7.8 2.0 Interest expense 294.0 117.6 Profit before tax 1,869.8 678.2 Tax expense 392.7 122.1 Net income 1,477.2 556.1 Attributable to NCI 140.0 0.0 Attributable to parent shareholders 1,337.2 556.1