4. Problem 17.04 (Pro Forma Income Statement) Tools AZ $200 40 ebook Austin Grocers recently reported the following 2021 income statement in milions of dollars) $700 Operating costs including deprecation 500 FEBIT Interest ERT $160 Taxes (2017 40 Net income $120 Dividends Addition to retained eaming 880 For the coming year, the company is forecasting 15% increase in sales, and it expect that is year and operating costs, including depreciation will qual 70% of sales Austin's tax rate, resten and dividend payout Mio are all expected to remain constant What is Austin's projected 2022 rat income? Enter your answer in million for comple, an answer of $12,000,000 hod be entered a 13 Do not round intermediate calculation Round your answer to two decimal places 140 5 what the expected growth rate in Austin's dividends? Do not found intermediate calculations. Round your awer to two decimal places