Question 23 Not yet answered Marked out of 1.50 P Flag question (a) In 2019, Alpha Corporation earned gross profits of $720815. Suppose the Alpha was financed by a combination of common stock and $1 million of debt. The interest rate on the debt was 10%, and the corporate tax rate in 2019 was 21%. How much profit was available for common shareholders after payment of interest and corporate taxes? (1.5 marks) Round your final answer to two decimals, do not include any commas to separate thousands, and exclude the $ sign. e.g. write $1,234.12 as 1234.12 or write $-12.12 as - 12.12 Helpful resource: This question draws your knowledge in COMM602. You can use the following income statement template to do this question. Gross profit Minus: Interest expense Earnings before taxes Minus: taxes Net Income Minus: Dividend payout Funds available to common shareholders