Lowell Corporation and Lawrence Corporation each have EBri of $"$ no debt and no interest expense; Lawrence has $$2$ million in debt at a before$-$tax rate of $8\%.$ The tax rate is $40\%.$ How much cash does each firm return to its investors?

Lowell $$2,400,000,$ Lawrence $$2,240,000$

Lowell $$2,400,000,$ Lawrence $$2,144,000$

Lowell $$2,400,000,$ Lawrence $$2,464,000$

Lowell $$2,400,000,$ Lawrence $$2,400,000$

Lowell $$2,400,000,$ Lawrence $$2,304,000$