please show your work

11. Austin Grocers recently reported the following 2019 income staement (in millions of dollars); $700 500 Sales Operating costs including depreciation EBIT Interest $200 40 EBT $160 64 Taxes (40%) Net Income $ 96 Dividends $ 32 Addition to retained earnings $ 64 For the coming year, the company is forecasting a 30% increase in sales, and it expects that its year-end operating costs, including depreciation will equal 80% of sales, Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. 1. What is Austin's projected 2020 net income? 112.50 2. What is the expected growth rate in Austin's dividends