Pelamed Pharmaceuticals had EBIT of

$109

million in

2018.

In addition, Pelamed had interest expenses of

$40

million and a corporate tax rate of

25%.

a. What is Pelamed's

2018

net income?b. What is the total of Pelamed's

2018

net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its

2018

net income? How does it compare to your answer in part

(a)?

d. What is the amount of Pelamed's interest tax shield in

2018?

a. What is Pelamed's

2018

net income?The

2018

net income is

$nothing

million.(Round to the nearest integer.)