The Apple marketing department has estimated demand for a new device and expects to sell 3 million units at a price of $260 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 $160 per unit. Apple's marginal tax rate is 0.34, and the annual depreciation attributable to the project is $40 million. Part 1 What is EBIT in each year of operation (in $ million)? Part 2 What is the net operating profit after taxes-in each year of operation (in $ million)?