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ItE 12: _+ |L Normal ]TNoSpac...-Heading 1 Heading 2 Title Subtitle Subtle Ern Font Paragraph Styles You are required to show all work to receive full credit. Assume the following data for Spring Break Corp: Statement of Income: Balance Sheet: 2017 2017 2016 Sales Costs Op Income Interest Pre-tax Income Taxes Net inc $750 300 450 40 410 160 $250 Current Assets $1,050 650 150 1,850 $840 400 100 1,340 PP&E Goodwill Total Assets Current Liabiities 250 150 Revolving Credit Line 150 Deferred taxes 20 570 Shareholders' Equity 1.280 200 120 110 10 440 900 $1,850$1,340 Notes Payable Total Liabilities 5. Based on the following assumptions, what is the expected growth (bps) in operating margin in 2018.(4 pts) a. Sales projected to grow 120% each year b. Costs expected to leverage 50 bps (basis points) as a percentage of sales c. Interest expense projected to stay fixed at $40 d. Taxes expected to be 20% as a result of the new tax plan in 2018 s D English India)