Ryngaert \& Sons, Inc. has operating income (EBIT) of $2,500,000. The company's depreciation expense is $450,000, its interest expense is $120,000, and it faces a 40 percent tax rate. What is the company's net income? a. $1,890,000 b. $1,575,000 c. $1,428,000 d. $1,248,000 e. $1,358,000