Question - The Millennium Chemical Corporation announced that for the period ending December 31, 2013, it earned income after taxes of $2,768,028 on revenues of $13,144,680. The company's costs (excluding depreciation and amortization) amounted to 61% of revenues, and Millennium had interest expenses of $392,168. What is the firm's depreciation and amortization expense if its tax rate was 34 percent?
a. $ 540,275
b. $ 486,290
c. $ 739,184
d. $ 958,083