25. Rummell Baley's Corporation faces the following tax schedule: Taxable Income Tax on Base of Bracket Percentage on Excess above Base Marginal tax Rate (MTR) Up to $50,000 $50,000-$75,000 $75,000-$100,000 $100,000-$335,000 $335,000-$10,000,000 $10,000,000-$15,000,000 $15,000,000-$18,333,333 Over $18,333,333 $0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 15% 25% 34% 39% 34% 35% 38% 35% Last year the company realized $18,750,000 in operating income (EBIT). Its annual interest expense is $3,250,000. What was the company's net income (earning after tax) for the year? Show every step of your calculations