Global Corp. initially projected the 2016 income statement shown in the table B. Suppose that in 2016, Global launched an aggressive marketing campaign that boosted 2016 sales further by 15.7%. However, their operating margin fell from 5.83% to 4.14% 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 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' share price in 22016? Global's share price in 2016 was (Round to the nearest cent.) i Data Table GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2016 Net sales 186.7 Cost of sales - 152.9 Gross profit 33.8 Selling, general, and administrative expenses - 13.5 Research and development -8.2 Depreciation and amortization - 1.2 Operating income 10.9 Other income Earnings before interest and taxes (EBIT) 10.9 Interest income (expense) -7.7 Pretax income 3.2 Taxes -0.8 Net income 2.4 Earnings per share: $0.67 Diluted earnings per share: $0.64 2015 176.1 - 147.3 28.8 - 13.0 - 7.6 - 1.1 7.1 7.1 -4.6 2.5 -0.6 1.9 $0.53 $0.50 Print Done