Problem $2-7$

Answer the following questions based on the information in the table. Assume a tax rate of $30$ percent. For simplicity, assume that the companies have no other liabilities other than the debt shown. $($All dollars are in millions.$)$

$\backslash$table$[[,\backslash$table$[[$Atlantic$],[$Corporation Corporation$]],],[$Earnings before interest and taxes,$$550,$$$470$