Pro forma incomd statement

Check My Workman 500 eBook Austin Grocers recently reported the following 2021-income statement (in millions of dollars) Sales $700 Operating costs including depreciation EBIT $200 Interest 40 EBT $160 Taxes (254) Net income $120 Dividends $40 Addition to retained earnings 530 For the coming year, the company is forecasting a 15% decrease in sales, and it expects that its year and operating costs, Induding depreciation will qual 60% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant What is Austin's projected 2022 net income? Enter your answer in millora. For example, an answer of $13,000,000 should be entered as 13. Do not found intermediate calculadora. Round your answer to two decimal places $ million 40 D. What is the expected growth rate in Austin's dividends? Do not found intermediate calculations. Round your answer to two decimal places. Check My Work Catenaining)