Facebook, Inc. provided the following information for the fiscal year ending December 31, 2023:

• Sales revenue: $1,000,000,000
• Cost of goods sold: $300,000,000
• Selling expenses: $150,000,000
• Administrative expenses: $100,000,000
• Other income: $50,000,000
• Other expenses: $20,000,000 Calculate the Earnings Before Interest and Taxes (EBIT) for Facebook, Inc. and determine its EBIT margin.