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1. ABC Corporation recently reported the following income statement for 2018 (in millions of $): Sales $8,000 Operating costs 3,000 EBIT $5,000 Interest 200 Earnings before taxes (EBT) $4,800 Taxes (40%) 1.920 Net income available to common shareholders $2,880 The company forecasts that its sales will increase by 15% in 2019 and its operating costs will increase in proportion to sales. The company's interest expense is expected to remain at $200 million, and the tax rate will remain at 40%. The company plans to pay out 40% of its net income as dividends, the other 60% will be addition to retained earnings. What is the forecasted addition to retained earnings for 2019