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Pelamed Pharmaceuticals has EBIT of $309 million in 2006. In addition, Pelamed has interest expenses of $112 milion and a corporate tax rate of 21%.
Pelamed Pharmaceuticals has EBIT of $309 million in 2006. In addition, Pelamed has interest expenses of $112 milion and a corporate tax rate of 21%. a. What is Pelamed's 2006 net income? b. What is the total of Pelamed's 2006 net income plus interest payments? c. If Pelamed had no interest expenses, What would its 2006 net income be? How does it compare to your answer in part (b)? d. What is the amount of Pelamed's interest tax shieid in 2006 ? a. What is Pelameds 2006 net income? Pelamed's 2006 net income is \$ mision. (Round to the nearest integer.)
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