1. A firm has 1.5 million outstanding shares in year 2014 and 2015. EBIT of year 2015 is $5 million and interest paid is $2 million. If the corporate tax rate is 35%, what is earnings per share (EPS)? 2. A firm has current liabilities of $700, a current ratio of 1.4, and a quick ratio of 0.7. Calculate the level of inventory for this firm. 3. Why does the double taxation problem exist for corporations? Please specify by using two sentences. 4. A firm has sales of $800, total assets of $500, and a debt/equity ratio of 1.5. If its return on equity is 18%, what is its net income? 5. Given a profit margin = 15%, ROE = 25%, D/E = 1.25, and assets = $600, please calculate sales