Samson's Sailboats Inc. recently reported the following income statement (in millions of dollars):

2005

Sales$4,500

Operating costs 3,500

EBIT$1,000

Interest200

EBT$800

Taxes (40%)320

Net income$480

Dividends (40%)$192

Addition to retained earnings$288

This year the company is forecasting a 60% increase in sales, and it expects that its year-end operating costs will decline to 50% of sales. Samson's tax rate, interest expense, and dividend payout ratio are all expected to remain constant.What is Samson's projected 2006 net income?