$17-7$ PRO FORMA INCOME STATEMENT At the end of last year, Roberts

Inc. reported the following income statement $($in millions of dollars$)$:

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

this information:

Year$-$end sales are expected to be $10\%$ higher than the $$3$ billion

in sales generated last year.

Year$-$end operating costs, excluding depreciation, are expected to

equal $80\%$ of year$-$end sales.

Depreciation is expected to increase at the same rate as sales.

Interest costs are expected to remain unchanged.

The tax rate is expected to remain at $25\%.$

On the basis of that information, what will be the forecast for Roberts'

year$-$end net income?