Exhibit: Evans Expeditors reported the following income statement (in millions of dollars): Income Statement for December 31, 2020 Sales $900 Operating costs 510 EBIT $390 Interest 90 EBT $300 Taxes (40%) 120 Net income $180 Dividends (20.0%) $40 Addition to retained earnings $80

12. Refer to the Exhibit. This year the company is forecasting a 15% increase in sales, and it expects that its year-end operating costs will decline to 70% of sales. Evans tax rate, interest expense, and dividend payout ratio are all expected to remain constant. What is Evans forecasted 2021 total common dividends?