Use the Information for the Question(s)below

question 36

Multiple Choice

Use the information for the question(s) below.
Rosewood Industries has EBIT of $450 million,interest expense of $175 million,and a corporate tax rate of 21%.
-If Rosewood had no interest expense,its net income would be closest to:

• A)$405 million.
• B)$160 million.
• C)$450 million.
• D)$355 million.

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