Dharma Supply has earnings before interest and taxes? (EBIT) of ?$598,000?, interest expenses of ?$314,000?, and faces a corporate tax rate of 34 percent.
a. What is Dharma? Supply's net? income?
b. What would? Dharma's net income be if it? didn't have any debt? (and consequently no interest? expense)?
c. What are the? firm's interest tax? savings?
a. Dharma? Supply's net income is $?. ?(Round to the nearest? dollar.)