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Intro The Apple marketing department has estimated demand for a new device and expects to sell 2 million units at a price of $360 each.

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Intro The Apple marketing department has estimated demand for a new device and expects to sell 2 million units at a price of $360 each. It costs $50 million each year to run the factory, independent of the level of production. Labor and components for each device add up to $260 per unit. Apple's marginal tax rate is 0.34, and the annual depreciation attributable to the project is $40 million. Part 1 IB Attempt 1/10 for 10 pts. What is EBIT in each year of operation (in $ million)? 0+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What is the net operating profit after taxes in each year of operation (in $ million)? 0+ decimals Submit

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