Assume that a company has an EBIT of $1,000,000, $150,000 in capital gains, and $12,000 in capital losses. Moreover, it receives $80,000 in interest income $20,000 in dividend income as well as $250,000 in interest expense. If the tax rate is 25%, what is the corporations taxable income?

Select one:

a. 500,000

b. 460,000

c. 988,000

d. 1,000,000

e. 950,000