Sinclair, Inc. is a levered firm with assets valued at $10,000 and has debt issued at 10% interest. Sinclair pays tax at the rate of 34%. The firm faces EBIT scenarios of recession and boom. {Note: EBIT = earnings before interest and tax, $ Interest = dollar amount of interest owed on the debt, NIBT = net income before tax, NI = net income, EPS = earnings per share}. Assume that firms with zero or negative NIBT pay zero taxes.

	EBIT	$ Interest	NIBT	TAXES	NI	EPS
Boom	$900					$1.32
Recession	$200		-$550

What amount comes closest to the amount of interest that Sinclair must pay in the BOOM scenario?

a. $60

b. $99

c. $66

d. $90

e. $51