K 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 15.3%. However, their operating margin fell from 6.14% to 4.26% 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? a. What was Global's EBIT in 2019? Global's EBIT was $million. (Round to two decimal places.) GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) n 2019 2018 Net sales 186.7 176.1 Cost of sales -152.3 - 147.3 Gross profit 34.4 28.8 Selling, general, and administrative expenses -13.5 - 13.0 Research and development -8.2 -7.6 Depreciation and amortization -1.2 -1.1 Operating income 11.5 7.1 Other income - - Earnings before interest and taxes (EBIT) 11.5 7.1 Interest income (expense) -7.7 -4.6 Pretax income 3.8 2.5 Taxes -1.0 -0.6 Net income 2.8 1.9 Earnings per share: $0.78 $0.53 Diluted earnings per share: $0.75 $0.50