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Pelamed Pharmaceuticals has EBIT of $338 million in 2006. In addition, Pelamed has interest expenses of $102 million and a corporate tax rate of 20%.

image text in transcribed Pelamed Pharmaceuticals has EBIT of $338 million in 2006. In addition, Pelamed has interest expenses of $102 million and a corporate tax rate of 20%. a. What is Pelamed's 2006 net income? o. 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 shield in 2006

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