Lindley Textiles recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus-state income tax rate was 25%. How much was Lindley's operating income, or EBIT?

Group of answer choices

$7,250

$5,750

$8,500

$4,250