6. Pendent Publishing recently reported $12,300 of sales, $6,300 of operating costs (other than depreciation) and $1,330 of depreciation. The company had $3,500 of bonds that carry a 5.25% interest rate, and its federal-plus- state income tax rate was 25%. During the year, the firm had expenditures on fixed assets totaling $1,700 while net operating working capital remained constant. (5 points) a. What was Pendent's EBIT? b. What was Pendent's free cash flow? 7. In 2019 Brandt-Leland reported $8,500,000 of sales, $5,000,000 of operating costs other than depreciation, and $1,330,000 of depreciation. The company had no amortization charges, it had $5,000,000 of bonds outstanding that t carry a 5% interest rate, and its federal-plus-state income tax rate was 25%. 2020 data is are expected to remain unchanged except for one item, depreciation, which is expected to increase by $107,000. By how much will the net income change as a result of the change in depreciation? Note: You will need to calculate the interest expense using information provided regarding the bonds. Assume the same amount of interest will be paid during both years on the outstanding bonds. (5 points)