Wall Street analysts forecast an EBIT and depreciation expense of $100 million and 10 million, respectively, for Automaton, Inc. in Year 1. Interest expense is expected to be $20 million. Furthermore, analysts expect Automaton's Net Working Capital to decline by $10 million and its property, plant and equipment to increase by $10 million. Automaton's tax-rate is 40%.

What is Automaton's forecasted Net Income for Year 1?

1.$48m

2.$32m

3.$80m

4.$58m