What is pelamed 2006 net income

Question

Problem:

Pelamed Pharmaceuticals has EBIT of $300 million in 2006. In addition, Pelamed has interest expenses of $90 million and a corporate tax rate of 35%.

Required:

Question 1: What is Pelamed's 2006 net income?

Question 2: What is the total of Pelamed's 2006 net income plus interest payments?

Question 3: If Pelamed had no interest expenses, what would its 2006 net income be?

Question 4: What is the amount of Pel amed's interest tax shield in 2006?

Note: Please provide through step by step calculations.