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Lintner Beverage Corp.reported the following information from their financial statements: Operating income (EBIT) = $9,000,000 Interest payments on long-term debt - $1,750,000 Dividend income =

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Lintner Beverage Corp.reported the following information from their financial statements: Operating income (EBIT) = $9,000,000 Interest payments on long-term debt - $1,750,000 Dividend income = $1,000,000 Corporate tax rate = 25% Assume a 50% dividend exclusion for tax on dividends. What is the firm's total tax liability? $2,156,280 $2,412,980 $2,361,640 $1.937,500 $3,106,070

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