Question 2 4 pts Minion Industries has decided to use the alternate straight-line depreciation methodology rather than bonus depreciation. Calculate the EBIT (Earnings before Interest and Taxes) for Minion. The firm has $3,500,000 in total revenues (sales). COGS is $2.688,000 (Cost of Goods Sold includes Selling and Administrative Expenses, but not depreciation in this problem). $500,000 in depreciation expense, $175,000 in interest expense, and a 25 percent marginal tax rate. $ 34.000 $ 312,000 $ 103.000 $ 172.000 $ 137,000 Question 3 4 pts When adding new securities to an existing portfolio, the higher or more positive the degree of correlation between the new securities and those already in the portfolio, the greater the benefits of the additional portfolio diversification in terms of reduced risk for the portfolio. False True