Global Corp. initially projected the 2016 income statement shown in the table LOADING.... Suppose that in 2016, Global launched an aggressive marketing campaign that boosted 2016 sales further by 14.8 %. However, their operating margin fell from 6.26 % to 3.92 % 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?

(Please give answers in Million and round to two decimal places)

GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions) 2016 2015 Net sales Cost of sales Gross profit Selling, general, and administrative expenses Research and development 176.1 - 152.1 147.3 28.8 - 13.513.0 186.7 34.6 -8.2 7.1 Operating income Other income Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net income 11.7 7.1 -4.6 2.5 -0.6 11.7 4.0 3.0 S0.83 $0.53 S0.80 $0.50 Earnings per share: per share