1a) As you work these Bucket 01 problems, you should also consider working the end-of-chapter problems for Chapter 8. Pop back and forth. Mix it up a bit. As you do so, pay attention to the Follow-Up commentaries in the book. Theyll provide insights for solving the problems here in Bucket 01, and thereafter in Bucket 02. ***************** Problem 01 BrownCow Co. reported the following (in millions of dollars) in last year's income statement: revenue of $92.3 COGS of $29 SG&A expenses of $17 depreciation expense of $16.4 interest expense of $14.8 and a tax rate of 33%. You've been asked to compute EBIT for BrownCow,. Please report it in the answer-box below. Please report it in millions of dollars, i.e. as a number between 1 and 100. Report it using at least 4 significant digits. (e.g. 3.248 or 83.29) Hint: You may want to peruse Section 8.3.2 in Chapter 8, (and/or Section 8A.2 of Appendix 8-A), for an income statement overview.

1b)Next year, Namrog Enterprises expects its COGS expense to be comprised of:

• a fixed-cost of $12,462 and
• a variable-cost of $14.53 per unit sold.

If Namrog expects to sell 1,672 units next year, then what will be Namrogs COGS?

Enter your value in the answer box below.