Quantitative Problem:At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars):

SALES= $4,130

OPERATING COST EXCLUDING DEPRECIATION 3067

EBITDA 1063

DEPRECIATION 300

EBIT 763

INTEREST 170

EBT 593

TAXES (40%) 237

NET INCOME 356

Looking ahead to the following year, the company's CFO has assembled this information:

• Year-end sales are expected to be 6% higher than $4.13 billion in sales generated last year.
• Year-end operating costs, including depreciation, are expected to increase at the same rates as sales.
• Interest costs are expected to remain unchanged.
• The tax rate is expected to remain at 40%.

On the basis of this information, what will be the forecast for Edwin's year-end net income? Round your answer to the nearest whole million. Do not round intermediate calculations. Enter all values as positive numbers.

(in millions of dollars)

1 Sales_________________

2 OPERATING COST INCLUDING DEPRECIATION_______________________

3 EBITDA___________________________________

4 DEPRECIATION_______________________________

5 EBIT____________________________________

6 INTEREST_____________________________

7 EBT___________________________________

8 TAXES________________________________

9 NET INCOME____________________________