GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2019 Net sales 186.7 Cost of sales - 153.4 Gross profit 33.3 Selling, general, and administrative expenses - 13.5 Research and development -8.2 Depreciation and amortization - 1.2 Operating income Other income Earnings before interest and taxes (EBIT) 10.4 Interest income (expense) - 7.7 Pretax income 2.7 Taxes -0.7 Net income 2.0 Earnings per share: $0.56 Diluted earnings per share: $0.53 2018 176.1 - 147.3 28.8 - 13.0 -7.6 - 1.1 7.1 10.4 7.1 -4.6 2.5 -0.6 1.9 $0.53 $0.50 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 15.0%. However, their operating margin fell from 5.57% to 4.50% 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? 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