Global Corp. initially projected the 2019 income statement shown in the table LOADING... . Suppose that in 2019, Global launched an aggressive marketing campaign that boosted 2019 sales further by 14.6%. However, their operating margin fell from 6.26% to 3.87% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2018. a. What was Global's EBIT in 2019? b. What was Global's income in 2019? 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 2019?

GLOBAL CORPORATION Income Statement Year ended December 31 (in $ millions)
	2019	2018
Net sales	186.7	176.1
Cost of sales	-152.1	-147.3
Gross profit	34.6	28.8
Selling, general, and administrative expenses	-13.5	-13
Research and development	-8.2	-7.6
Depreciation and amortization	-1.2	-1.1
Operating income	11.7	7.1
Other income	0	0
Earnings before interest and taxes (EBIT)	11.7	7.1
Interest income (expense)	-7.7	-4.6
Pretax income	4	2.5
Taxes	-1	-0.6
Net income	3	1.9
Earnings per share: Diluted earnings per share:	$0.83 $0.80	$0.53 $0.50