Company X just reported an Earnings before interest, Taxes, Depreciation \& Amortization (EBITDA) of $80,000, and they incurred $21,000 of Depreciation and Amortization expense. The company had an interest expense of $5,500 and its tax rate was 25%. How much Net Income did the company earn during the year? 13,375 40.125 71.625 $3.500 46,375