BAZB Corp. has $25 million in sales last year. Cost of goods sold was $8 million, depreciation expense was $2 million, and administration expenses were $3 million. If the firm's average tax rate is 20% and BAZB had an outstanding debt of $100 million with 3% interest rate, then a. What was BAZB's EBIT (Earnings before interest and taxes) and taxable income? b. What was BAZB's Net Income? c. If BAZB's payout ratio was 30% last year, how much dividend payment was made? What was the increase in retained earnings