Hi :)

quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars):

Sales	$4,270
Operating costs excluding depreciation	3,083
EBITDA	$1,187
Depreciation	335
EBIT	$852
Interest	130
EBT	$722
Taxes (40%)	289
Net income	$433

Looking ahead to the following year, the company's CFO has assembled this information:

Year-end sales are expected to be 6% higher than $4.27 billion in sales generated last year.

Year-end operating costs, excluding depreciation, will equal 70% of 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 40%.

On the basis of this information, what will be the forecast for Edwin's year-end net income? Round your answer to the nearest whole million. Do not round intermediate calculations. Enter all values as positive numbers.

	(in millions of dollars)
Sales	$
Operating costs including depreciation
EBITDA	$
Depreciation
EBIT	$
Interest
EBT	$
Taxes
Net income	$