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

Sales $4,150.00

Operating costs excluding depreciation 3,088.00

EBITDA $1,062.00

Depreciation 330.00

EBIT $732.00

Interest 130.00

EBT $602.00

Taxes (40%) 240.80

Net income $361.20

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

• Year-end sales are expected to be 4% higher than $4.15 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? Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Enter all values as positive numbers. Do not round intermediate calculations. Round your answers to two decimal places.

(in millions of dollars)

Sales $______________

Operating costs excluding depreciation _______________

EBITDA $______________

Depreciation ______________

EBIT $______________

Interest ______________

EBT $______________

Taxes _______________

Net income $______________