That was Global's EBIT in 20162 - X Da i Data Table hl in C re bba pa GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2016 Net sales 186.7 Cost of sales - 152.5 Gross profit 34.2 Selling, general, and administrative expenses - 13.5 Research and development -8.2 Depreciation and amortization - 1.2 Operating income 11.3 Other income Earnings before interest and taxes (EBIT) 11.3 Interest income (expense) -7.7 Pretax income 3.6 Taxes -0.9 Net income 2.7 Earnings per share: $0.75 Diluted earnings per share: $0.72 2015 176.1 - 147.3 28.8 - 13.0 -7.6 - 1.1 7.1 r 7.1 -4.6 2.5 -0.6 1.9 $0.53 $0.50 Print Done Global Corp. initially projected the 2016 income statement shown in the table . Suppose that in 2016, Global launched an aggressive marketing campaign that boosted 2016 sales further by 14.1%. However, their operating margin fell from 6.05% to 4.19% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2015. a. What was Global's EBIT in 2016? b. What was Global's income in 2016? 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 2016? a. What was Global's EBIT in 2016? Global's EBIT was $ million. (Round to two decimal places.) b. What was Global's income in 2016? Net income was $ million. (Round to two decimal places.) 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 22016? Global's share price in 2016 was $ (Round to the nearest cent.)