Exhibit 4: Baylor Bears recently reported the following income statement (in millions of dollars):

Income Statement for December 31, 2020

Sales $875

Operating costs 625

EBIT $250

Interest 50

EBT $200

Taxes (40%) 80

Net income $120

Dividends (33.3%) $40

Addition to retained earnings $80

Refer to Exhibit 4. This year the company is forecasting a 10% increase in sales, and it expects that its year-end operating costs will decline to 65% of sales. Baylors tax rate, interest expense, and dividend payout ratio are all expected to remain constant. What is Baylors forecasted 2021 net income (in millions of dollars)?