Suppose that in 2019, Gobal launches an agressive marketing campaign that boosts sales by 14%. However, their operating margin falls from 5.57% to 4.5%. Suppose that they have no other income, interest expenses are unchanged, and taxes are the same percentage of pretax income as in 2018.

a. What is Global's EBIT in 2019?

b. What is Global's income in 2019?

c. If Global's P/E ratio (25.2) and number of shares outstanding (3.6 million) remains unchanged, what is Global's share price in 2019?

s share price in 2019? Data table GLOBAL CONGLOMERATE CORPORATION Income Statement Year Ended December 31 (in $ millions) Total 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: Print Done 2018 186.70 (153.40) 33.30 (13.50) (8.20) (1.20) 10.40 10.40 (7.70) 2.70 (0.70) 2.00 $0.556 $0.526 2017 176.10 (147.30) 28.80 (13.00) (7.60) (1.10) 7.10 F 7.10 (4.60) 2.50 (0.60) 1.90 $0.528 $0.500