Global Corp. initially projected the 2019 income statement shown in the table : . Suppose that in 2019, Global launched an aggressive marketing campaign that boosted 2019 sales further by 15.7%. However, their operating margin fell from 5.66% to 4.43% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2018. a. What was Global's EBIT in 2019? b. What was Global's income in 2019? X c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019? i Data Table a. What was Global's EBIT in 2019? Global's EBIT was $ million. (Round to two decimal places.) 3 GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2019 2018 186.7 176.1 - 153.2 - 147.3 28.8 33.5 - 13.5 -8.2 - 13.0 - 7.6 - 1.1 - 1.2 10.6 7.1 Net sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development Depreciation and amortization Operating income Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net income Earnings per share: Diluted earnings per share: 10.6 - 7.7 7.1 - 4.6 2.5 -0.6 2.9 -0.8 2.1 1.9 $0.58 $0.55 $0.53 $0.50