The Floating Corporation announced that for the period ending December 31, 2012, it earned income after taxes of $5,330,275 on revenues of $33,144,680. The company's costs (excluding depreciation and amortization) amounted to 61% of revenues, and Floating had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its tax rate was 34 percent?
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a.
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mce_markernbsp; 4,458,083
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b.
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$ 2,336,158
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c.
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mce_markernbsp; 1,278.326
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d.
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mce_markernbsp; 540,275
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