please give explanation on how to solve parts a and b. most of the answers on here for questions similar do not make sense because there are no explanations. will give a thumbs up if I can get some help! thanks

E cBook Austin Grocers recently reported the following 2021 income statement (in Millions of dollars) Sales $700 Operating costs including depreciation 500 EBIT 5200 Interest 40 EBT $160 Taxes (25) 40 Net income $120 540 50 Dividends Addition to retained amnings For the coming year, the company is forecasting a 35% increase in sales, and it expects that its year and operating costs, including depreciation, will equal 75% of sales Austin's tax rate, interest expense, and dividend payout ratio we all expected to remain constant a. What is Austin's projected 2022 net income? Enter your answer in millions. For example, an answer of $13,000,000 should be entered as 13. Do not found intermediate calculations. Round your answer to two decimal places $147.19 million b. What is the expected growth rate in Austin's dividends? Do not round intermediate calculations. Round your answer to two decimal places