Moose Industries has a corporate tax rate of 25%.Last year the company realized $14,000,000 in operating income (EBIT) .Its annual interest expense is $1,500,000.What was the company's net income for the year?
A) $6,497,750
B) $9,375,000
C) $8,883,000
D) $9,705,500
E) $10,280,250
Correct Answer:
Verified
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