Suppose that in 2015, Global launched an aggressive marketing campaign that boosted sales by 15%. However, its operating margin fell from 5.57% to 4.50%. Suppose that the company had no other income, interest expenses were unchanged, and the corporate tax rate for 2015 is 25%.

a. What was Global’s EBIT in 2015?

b. What was Global’s income in 2015?

c. If Global’s P/E ratio and number of shares outstanding remained unchanged, what was Global’s share price in 2015?