Pro forma income statementAustin Grocers recently reported the following 2016 income statement (in millions of dollars):Sales $700Operating costs including depreciation 500EBIT $200Interest 40EBT $160Taxes (40%) 64Net income $96Dividends $32Addition to retained earnings $64For the coming year, the company is forecasting a 20% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 75% of sales. Austin's tax rate, interest expense, and dividend payout ratio are all expected to remain constant. What is Austin's projected 2017 net income? Enter your answer in millions. For example, an answer of $13,000,000 should be entered as 13. Round your answer to two decimal places.$ millionWhat is the expected growth rate in Austin's dividends? Do not round your intermediate calculations. Round your answer to two decimal places.%