Use the financial statements and additional data provided by management to forecast the firm's Net Income for the projected year. Sales revenue is expected to increase 150%. Additional investment in fixed assets = $2,500. Dividend payout ratio = 26%. Sales COGS 8,000 5,200 2,800 800 Gross Profit SG&A EBIT 2,000 Interest ET 50 1,950 EBT Taxes (40%) Net Income 780 1,170