Question 15 (1 point) Companies generate income from their "regular" operations and from things like interest on securities they hold, which is called non-operating income. Mitel Metals recently reported $14,500 of sales, $6,000 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges and no non-operating income. It had issued $5,400 of bonds that carry a 7% interest rate, and its federal-plus-state income tax rate was 40%. What was the firm's operating income, or EBIT? Note: interest payment is computed as the reported dollar value of the bonds times their interest rate Your