Question: 6. Problem 17.07 (Pro Forma Income statement) At the end of last year, Roberts Inc, reported the following income statement (in millions of dollars): Looking

 6. Problem 17.07 (Pro Forma Income statement) At the end of

6. Problem 17.07 (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 bilion in sales generated last year - Year-end operating costs, excluding depreciation, are expected to equal 65% 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' yeacend net income? Enter your answer in milions. For exampie, an answer of $25,400,000 should be entered as 25,40. Do not round intermediate calculations. Round your answer to two decimal glaces. 5 milion

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