How much profit can Cree expect (in million of dollars)?

Exhibit 4 Cree Income Statement, 1994 to 2013 (in millions of dollars) 1994 1995 1996 1997 1998 1999 2000 Revenue $ 7.5 $ 11.1 $ 17.0 $ 29.0 $ 42.5 $ 62.4 $ 108.6 Cost of Goods Sold 5.9 8.9 14.3 19.1 28.0 34.2 52.4 Total Gross Margin 1.6 2.2 2.7 9.9 14.5 28.2 56.2 Total Operating Expenses 2.5 2.7 3.3 6.8 6.4 12.1 19.5 Operating income (0.9) (0.5) (0.6) 3.1 8.1 16.1 36.7 2001 2002 2003 2004 2005 2006 2007 Revenue $ 177.2 $ 155.4 $ 229.8 $ 299.6 384.4 $ 423.0 394.1 Cost of Goods Sold 89.7 92.1 130.6 150.8 173.0 222.1 260.1 Total Gross Margin 87.5 63.3 99.2 148.8 211.4 200.9 134.0 Total Operating Expenses 53.1 157.6 64.5 59.5 72.3 102.1 117.3 Operating income 34.4 (94.3) 44.7 89.3 139.1 98.8 16.7 2008 2009 2010 2011 2012 2013 Revenue $ 493.3 $ 567.2 $ 867.3 $ 987.6 $ 1,164.7 $ 1,386.0 Cost of Goods Sold 327.5 355.3 456.2 551.8 755.2 862.7 Total Gross Margin 165.8 211.9 411.1 435.8 409.5 523.3 Total Operating Expenses 153.8 181.3 213.3 267.1 370.2 426.8 Operating income 12.0 30.6 197.8 168.7 39.3 96.5 Source: Cree, Inc. 1996-2013 Annual Reports, http://investor.cree.com/ annuals.cfm, accessed August 2014. Note: Fiscal Years end June, 30th each year