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Sales last year, Roberts Inc. reported the following Income statement (in millions of dollars): Operating costs excluding depreciation EBITDA Depreciation EBIT Interest EBT Taxes
Sales last year, Roberts Inc. reported the following Income statement (in millions of dollars): Operating costs excluding depreciation EBITDA Depreciation EBIT Interest EBT Taxes (25%) Net Income $3,000 2,450 $550 250 $300 124 $176 44 $132 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 6% higher than the $3 billion in sales generated last year year-end operating costs, excluding depreciation, are expected to equal 80% of year-end sales Depreciation is 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 that information, what will be the forecast for Roberts year-end net income? Enter your answer in millions. For example, an answer of $25,400,000 should be entered as 25.40. Do not round intermediate calculations. Round your answer to two decimal places. $ million
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