Moose Industries faces the following tax schedule: Last year the company realized $11,500,000 in operating income (EBIT).Its annual interest expense is $1,500,000.What was the company's net income for the year?

Question

Moose Industries faces the following tax schedule:  Last year the company realized $11,500,000 in operating income (EBIT).Its annual interest expense is $1,500,000.What was the company's net income for the year?

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The Answer of Moose Industries faces the following tax schedule:  Last year the company realized $11,500,000 in operating income (EBIT).Its annual interest expense is $1,500,000.What was the company's net income for the year?

Moose Industries Faces the Following Tax Schedule: Last Year