Question 1 (6 points) Saved Horizontally Intergraded Manufacturing (HIM) has total assets of $3,000,000, financed with twice as much debt capital as equity capital. HIM's pretax cost of debt is 5%, and cost of equity is 9%. HIM has earing before interests and taxes (EBIT) of $250,000 and was taxed at a rate of 21%. a) Calculate the net income of HIM. (2 points) b) Calculate the required earnings/equity charge of HIM. (2 points) c) Calculate the residual income by using the method based on deducting an equity charge. (2 points) In your written response, please start with question numbers such as a), b), or c) before showing your work and answer to the