The Apple marketing department has estimated demand for a new device and expects to sell 3 million units at a price of $310 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 $210 per unit. Apple's marginal tax rate is 0.34, and the annual depreciation attributable to the project is $40 million. Part 1 Attempt 3/3 for 0 pts. What is EBIT in each year of operation (in $ million)? Incorrect EBIT = Revenue Costs Depreciation =( Price * Quantity )( Fixed costs + Variable costs * Quantity ) - Depreciation =(3103)(50+2103)40 = 210 (million) Part 2 Attempt 3/3 for 8 pts. What is the net operating profit after taxes in each year of operation (in $ million)