Bell Inc.'s tax rate was

25%

last year. Last year, the company realized

$1,500,000

in operating income (EBIT). Its annual interest expense is

$1,000,000

. What was the company's net income for the year?\

$900,000

\

$750,000

\

$588,300

\

$1,028,250

\

$375,000

Bell Inc.'s tax rate was 25% last year. Last year, the company realized $1,500,000 in operating income (EBIT). Its annual interest expense is $1,000,000. What was the company's net income for the year? $900,000 $750,000 $588,300 $1,028,250 $375,000