Question 6 2 pts Bania Inc. recently reported $157,000 of sales, $79,750 of operating costs other than depreciation, and $11,700 of depreciation. The company had $17,750 of outstanding bonds that carry a 5% interest rate, and its federal-plus-state income tax rate was 25%. How much was Bania's net income? Hint: Use the simple interest equation to find the interest expense for the year: DxRxT. Round to the nearest dollar. Edit View Insert Format Tools Table 12pt Paragraph v B I U A Tv v : Question 7 2 pts Costanza Inc. reported EBITDA of $2.37 million and $775,000 of net income last year. Costanza had $875,000 in interest expense and its corporate tax rate was 25%. What was Costanza's depreciation and amortization expense last year? Round to the nearest dollar. Edit View Insert Format Tools Table 12pt v Paragraph B I u Tv : Question 8 2 pts Whatley Robotics reported an EBIT of $3,330,000 last year. Whatley also reported depreciation expenses of $700,000 as well as interest expenses of $650,000. Whatley also reported a year-end increase in fixed assets in the amount of $2,250,000. Whatley had no excess cash and has noted that their net operating working capital has remained constant. Assuming a tax rate of 25%, what is Whatley's free cash flow (FCF) balance for the year that just ended? Edit View Insert Format Tools Table 12pt v Paragraph ~ B B I U A Tv : Question 9 2 pts At the end of 2019, Seinfeld Inc. had $55 million in cash. During 2020, the following events occurred: Net Income of $177 million. Accruals increased by $2 million. Depreciation and amortization totaled $9 million. A/R increased by $12 million Inventories increased by $7 million. Seinfeld issued $225 million in common stock. Seinfeld's notes payable decreased by $77 million. Seinfeld purchased fixed assets totaling $200 million. How much cash did Seinfeld Inc. have at the end of 2020? Edit View Insert Format Tools Table 12pt v Paragraph v B I U Avar Tv