Alter Inc. plans to grow sales at a 10% annual rate for 2016. Interest expense in 2016 is expected to remain at $3,000. Assuming that income statement and balance sheet relationships to sales are unchanged and that the tax rate is 20%. Alter, Inc. 2015 Assets Sales $145,000 COGS EBIT Interest EBT $150,000 $120,000 $30,000 $3.000 $27,000 $5,400 $21,600 $10,800 Current liabilities $5,000 Total long-term debt $60,000 Total equity $80,000 Total liabilities & equity $145,000 Tax Net Income Dividends What is net income for 2016? Less than $25,000 Between $26.501 and 527.000 Above $27.000 Btw $25.001 and 26.500 Alter Inc. plans to grow sales at a 10% annual rate for 2016. Interest expense in 2016 is expected to remain at $3,000. Assuming that income statement and balance sheet relationships to sales are unchanged and that the tax rate is 20%. Alter, Inc. 2015 Assets Sales $145,000 COGS EBIT Interest EBT $150,000 $120,000 $30,000 $3.000 $27,000 $5,400 $21,600 $10,800 Current liabilities $5,000 Total long-term debt $60,000 Total equity $80,000 Total liabilities & equity $145,000 Tax Net Income Dividends What is net income for 2016? Less than $25,000 Between $26.501 and 527.000 Above $27.000 Btw $25.001 and 26.500