QUESTION 19 Byron Books Inc. recently reported $13 million of net income. Its EBIT was $32.5 million, and its tax rate was 35%. What as its interest expense? $10 million $12 million $5.5 million $12.5 million QUESTION 20 Baker Industries' net income is $25,000, its interest expense is $5,000, and its tax rate is 45%. Its notes payable equals $25,000, long-term debt e common equity equals $240,000. The firm has no preferred stock. What is the ROE? O9.4% 11.5% 10.4% 8.1% lick Save and Submit to save and submit. Click Save All Answers to save all answers.