Use the information about Billy's Burgers to answer the following question(s): Billy's Burgers Figures in $ millions Income Statement 2010 Balance Sheet 2010 Net Sales 246.0 Assets Costs exc. Dep. 187.0 Cash 8.0 EBITDA 59.0 Accts. Rec. 21.0 Depreciation 17.2 Inventories 23.0 EBIT 41.8 Total Current Assets 52.0 Interest 12.0 Net PP&E 145.0 Pretax Income 29.8 Total Assets 197.0 Taxes 10.4 Net Income 19.4 Liabilities and Equity Accts. Payable 18.0 LongminusTerm Debt 82.0 Total Liabilities 100.0 Total Stockholders' Equity 97.0 Total Liabilities and Equity 197.0 Using the percent of sales method, and assuming 20% growth in sales and no change in interest expense, estimate Billy's Burgers' Net Income for 2011.

A. $23.28 million

B. $28.16 million

C. $35.76 million

D. $24.84 million