Emery Mining Inc. recently reported $140,000 of sales, $60,500 of operating costs other than depreciation, and $9,700 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes. (Round your intermediate and final answers to two decimal places.) Oa. $68,603.75 b.$53,247.19 Oc$51.452.81 Od.$52.350.00 e $61,152.81 StudyHub Granville Co. recently purchased several shares of Kalvaria Electronics' preferred stock. The preferred stock has a before-tax yield of 7.10%. If the company's tax rate is 25%, what is Granville Co.'s after-tax yield on the preferred stock? Assume a 50% dividend exclusion for tax on dividends. (Round your final answer to two decimal places.) O a. 6.21% b. 3.55% c5.32% O d.4.44% O e. 1.78%