Moose Industries Faces the Following Tax Schedule Last Year the Company Realized $9,000,000 in Operating Income (EBIT)

Moose Industries faces the following tax schedule: $$\begin{array} { l r r } \text { Taxable Income } & \text { Tax on Base of Bracket } & \text { Percentage on Excess above Base } \\\text { Up to } \$ 50,000 & \$ 0 & 15 \% \\\$ 50,000 - \$ 75,000 & 7,500 & 25 \\\$ 75,000 - \$ 100,000 & 13,750 & 34 \\\$ 100,000 - \$ 335,000 & 22,250 & 39 \\\$ 335,000 - \$ 10,000,000 & 113,900 & 34 \\\$ 10,000,000 - \$ 15,000,000 & 3,400,000 & 35 \\\$ 15,000,000 - \$ 18,333,333 & 5,150,000 & 38 \\\text { Over } \$ 18,333,333 & 6,416,667 & 35\end{array}$$
Last year the company realized $9,000,000 in operating income (EBIT) .Its annual interest expense is $1,500,000.What was the company's net income for the year?

A) $4,158,000
B) $4,950,000
C) $5,197,500
D) $3,712,500
E) $3,960,000