Kwill Pens, Inc. produces the following income statement and balance sheet for the year. The company has a tax rate of 35% and a cost of ca pital of 12.50%. Income Statement ($ millions) Balance Sheet ($ millions) Net sales Expenses Depreciation EBIT Interest expense Taxable income Taxes (35%) Net income $3,400.00 960.00 480.00 $1,960.00 720.00 $1,240.00 434.00 $ 806.00 Assets Current assets Net fixed assets Total assets $1,700.00 2,550.00 $4,250.00 Liabilities & Owner's Equity Current liabilities Long-term debt Owner's equity Total liabilities and equity $1,360.00 1,870.00 1,020.00 $4,250.00 a. What is the company's after-tax operating income? (Enter your answer in millions and round to two decimal places.) After-tax operating income million