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please help with a & b 1. Austin Grocers recently reported the following 2016 income statement (in millions of dollars): For the coming year, the

please help with a & b image text in transcribed
1. Austin Grocers recently reported the following 2016 income statement (in millions of dollars): For the coming year, the company is forecasting a 25% increase in sales, and it expects that its year-end operating cost, including deprecation, will equal 70% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. u) What is Austin's projected 2017 net income? b) What is the expected growth rate in Austin's dividend

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