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Pelamed Pharmaceuticals had EBIT of $335 million in 2010. In addition, Pelamed had interest expenses of $88 million and a corporate tax rate of 30%.

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Pelamed Pharmaceuticals had EBIT of $335 million in 2010. In addition, Pelamed had interest expenses of $88 million and a corporate tax rate of 30%. a. What is Pelamed's 2010 net income? b. What is the total of Pelamed's 2010 net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? d. What is the amount of Pelamed's interest tax shield in 20103? a. What is Pelamed's 2010 net income? The 2010 net income is $ million. (Round to the nearest integer.)

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