Use the information for the question(s) below.
Rosewood Industries has EBIT of $450 million,interest expense of $175 million,and a corporate tax rate of 21%.
-If Rosewood had no interest expense,its net income would be closest to:
A) $405 million.
B) $160 million.
C) $450 million.
D) $355 million.
Correct Answer:
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