At the end of last year, Edwin Inc reported the following income statement (in millions of dollars) Sales $4,210 00 Operating costs (excluding depreciation) 3,032 00 EBITDA $1,178 00 Depreciation 310 00 EBIT $868 00 Interest 160 00 EBT $708 00 Taxes (25 ) 177 00 Net income $531 00 Looking ahead to the following year, the company's CFO has assembled this information Year end sales are expected to be 5 higher than $4 21 billion in sales generated last year Year end operating costs, excluding depreciation, are expected to increase at the same rates as sales Depreciation costs are 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 this information, what will be the forecast for Edwin's year end net income Enter your answers as positive values Enter your answers in millions For example, an answer of $10,550,000 should be entered as 10 55 Do not round intermediate calculations Round your answers to two decimal places Edwin Inc Income Statement (in millions of dollars) Sales $ Operating costs (excluding depreciation) EBITDA $ Depreciation EBIT $ Interest EBT $ Taxes (25 ) Net income $

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Question: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,210.00 Operating costs (excluding depreciation) 3,032.00 EBITDA

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

Sales	$4,210.00
Operating costs (excluding depreciation)	3,032.00
EBITDA	$1,178.00
Depreciation	310.00
EBIT	$868.00
Interest	160.00
EBT	$708.00
Taxes (25%)	177.00
Net income	$531.00

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

Year-end sales are expected to be 5% higher than $4.21 billion in sales generated last year.
Year-end operating costs, excluding depreciation, are expected to increase at the same rates as sales.
Depreciation costs are 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 this information, what will be the forecast for Edwin's year-end net income? Enter your answers as positive values. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places.

Edwin Inc. Income Statement
	(in millions of dollars)
Sales	$
Operating costs (excluding depreciation)
EBITDA	$
Depreciation
EBIT	$
Interest
EBT	$
Taxes (25%)
Net income	$

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