Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,300.00 Operating costs (excluding depreciation) 3,095.00 EBITDA...

Quantitative Problem: At the end of last year, Edwin 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 6% higher than $4.3 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 40%.

On the basis of this information, what will be the forecast for Edwin's year-end net income? Round your answers to two decimal places. Do not round intermediate calculations. Enter all values as positive numbers.