Vani will purchase 100% of Graham. The expected completion date is January 1st. It will be an all equity deal.

Synergies are expected at 20% of Graham's SG&A per annum (evenly throughout the year from day 1 post deal). The marginal tax rate is 30%. Deal goodwill of 400 will be created. Vani reports to the end of December.

Calculate consolidated net income using the standalone forecasts below for the year to December. Round your answer to 1 decimal place.

VaniGrahamSales30,676.213,416.0COGS18,404.08,316.2Gross profit12,272.25,099.8SG&A7,671.24,024.8Operating profit4,601.01,075.0Net interest expense258.064.5Profit before tax4,343.01,010.5Tax expense1,479.2301.0Net income2,863.80709.5