Little Books Inc. recently reported $205,000 of net income. Its EBIT was $505,000, and its tax rate was 49.50%. What was its interest expense?

Question 1 options:

	$81,773
	$249,975
	$101,475
	$300,000
	$99,059

Pearson Brothers recently reported an EBITDA of $3,500,000 and net income of $350,000. It had 700,000 of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?

Question 2 options:

	$3,150,000
	$350,000
	$2,800,000
	$2,216,667
	$1,925,000