Lovell Co. purchased preferred stock in another company. The preferred stock's before-tax yield was 5.60%. The corporate tax rate is 25%. What is the after-tax return on the preferred stock, assuming a 50% dividend exclusion? (Round your final answer to two decimal places.) a. 6.03% b. 4.80% c. 4.31% d. 4.90% e. 5.59% QUESTION 6 Brown Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's earnings before taxes (EBT)? a. $5,065 b. $4,870 c. $5,211 d. $3,799 e. $5,649