In addition to show your step-by-step calculations, you must explain in your own words, in three lines, the process that you have used to solve this problem. There is no credit, if no explanation is given

Problem4(2 points) Gagliardi Corporation (GC) recently reported that is EPS were $3.00. GC has 400,000 shares of stocks outstanding. GC's interest expense was $510,000. The tax rate of GC is 40 percent. What is GC's EBIT