Corporate Valuation and Financial Planning: Forecasted Financial Statements ultimately can be used to improve the firm's operations. Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Looking ahead to the following year, the company's CFO has assembled this information: - Year-end sales are expected to be 5% higher than $4.19 billion in sales generated last year. - Year-end operating costs, excluding depreclation, are expected to increase at the same rates as sales. - Depreciation costs are 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%. entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places. \begin{tabular}{ll} \multicolumn{1}{c}{ Edwin Inc. Income Statement } \\ Sales & (in millions of dollars) \\ Operating costs (excluding depreciation) & $ \\ EBITDA & $ \\ Depreciation & $ \\ EBIT & $ \\ Interest & $ \\ EBT & $ \\ Taxes (25\%) \\ Net income & $ \\ \hline \hline \end{tabular}