Question - Pro forma income statement

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

Sales $3,000

Operating costs excluding depreciation 2,450

EBITDA $550

Depreciation 250

EBIT $300

Interest 125

EBT $175

Taxes (40%) 70

Net income $105

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

• Year-end sales are expected to be 10 percent higher than the $3 billion in sales generated last year.
• Year-end operating costs, excluding depreciation, are expected to equal 80 percent of year-end sales.
• Depreciation is 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 percent.

On the basis of this information, what will be the forecast for Robert's year-end net income?