9. Pepsi Corp. reported the following information from their financial statements: Operating income (EBIT) $17,000,000 Interest payments on long-term debt $1,750,000 Dividend income = $1,000,000 Assume a 70% dividend exclusion for tax on dividends. Calculate Pepsi's total tax liability using the corporate tax schedule below: Tax on Base of Bracket Percentage on Excess above Base Taxable Income $0-$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 a. $5,091,050 b. $4,983,870 c. $6,377,210 d. $4,501,560 e. $5,359,000