Search this cou CENGAGE MINDTAP Ch 17: End-of-Chapter Problems - Financial Planning and Forecasting 2. Problem 17.07 (Pro Forma Income Statement) eBook At the end of last year, Roberts Inc. reported the following income statement in milions of dollars) Sales $3,000 Operating costs excluding depreciation 2,450 EBITDA $550 Depreciation 250 EBIT $300 Interest 125 EBT 5175 Taves (40%) 70 Net income $105 Looking shead to the following year, the company's crona assembled this information: Year end sales are expected to be 11 Nigher than the 13 billion in sales generated last year. Year and operating costs, excluding depreciation, are expected to equal 85% of year-end sales Depreciation is expected to increase the same rate as sales Interest costs are expected to remain unchanged. The tax rate is expected to remain 40% On the basis of that information, what will be the forecast for Roberts' year-end ret income) Enter your answer in million. For example, an answer of $25,400,000 should be entered as 25.40. Round your answer to two decimal places Grade it Now Save & Continue W a & x