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

Sales	$4,250.00
Operating costs (excluding depreciation)	3,065.00
EBITDA	$1,185.00
Depreciation	330.00
EBIT	$855.00
Interest	170.00
EBT	$685.00
Taxes (40%)	274.00
Net income	$411.00

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

• Year-end sales are expected to be 5% higher than $4.25 billion in sales generated last year.
• Year-end operating costs, excluding depreciation, are expected to increase at the same rates as 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? Round your answers to two decimal places. Do not round intermediate calculations. Enter all values as positive numbers.

	(in millions of dollars)
Sales	$
Operating costs (excluding depreciation)
EBITDA	$
Depreciation
EBIT	$
Interest
EBT	$
Taxes
Net income	$