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Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,270.00 Operating costs (excluding depreciation)

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Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,270.00 Operating costs (excluding depreciation) 3,042.00 EBITDA $1.228.00 Depreciation 335.00 EBIT $893.00 Interest 170.00 EBT $723.00 Taxes (25%) 180.75 Net income $542.25 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 6% higher than $4.27 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 25%. 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 calculations. Round your answers to two decimal places. Edwin Inc. Income Statement (in millions of dollars) $ Sales Operating costs (excluding depreciation) EBITDA Depreciation EBIT Interest EBT Taxes (25%) Net income $ $ $

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