Assume that Javier Corporation has operating income of $17,500,000 and it receives $750,000 in Interest income and $800.000 in dividend income. Assume that the firm pays a flat 40% income tax rate. What is the firm's income tax liability?

5 Assume that Javier Corporation has operating income of $17,500,000 and it receives $750,000 in Interest income and $800,000 in dividend income. Assume that the firm pays a flat 40% Income tax rate. What is the firm's income tax liability? of stion Select one: a. $7,620,000 b. $7.300,000 $7,396,000 d. none of the above