Moose Industries faces the following tax schedule: Last year the company realized $10,000,000 in operating income (EBIT). Its annual interest expense is $1,500,000. What was
Moose Industries faces the following tax schedule: 
Last year the company realized $10,000,000 in operating income (EBIT). Its annual interest expense is $1,500,000. What was the companys net income for the year?
Select one:
a. $3,450,175
b. $4,385,100
c. $5,100,000
d. $5,610,000
e. $8,386,100
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Authors: Andrea Binder
1st Edition
0192870122, 978-0192870124
