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

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Quantitative Problem: At the end of last year, Edwin Inc, reported the following income statement (in millions of dollars): Looking ahead to the following year, the company's cro has assembled this information: - Year-end sales are expected to be 5% higher than $4.3 balion 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 25%. On the basis of this infermation, what will be the forecast for Edwin's vear-end net income? Enter your answers as positive values. Enter vour anawen in millions, for example, an answer of $10,550,000 should be entered as 10.55, Do not round intermediate calculations, Round your answers to two decimai places. On the basis of this information, what will be the forecast for Edwin's year-end net income? Enter your answers as positive values, Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55 . Do not round intermediate ealculations. Round your answers to two decimal places

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