1. Lowell Inc. has $100 million in total assets and its corporate tax rate is 20 percent. The company recently reported that its basic earning power (BEP) ratio was 25 percent and that its return on assets (ROA) was 16 percent. What was the companys interest expense?

   BEP = EBIT/Total assets

   ROA = NI/Total assets

   		$0
   		$5 million
   		$10 million
   		$15 million