What is the amount of interest expense for the corporation

Reference no: EM13287635

FAST Corporation has announced that its net income for the year ended June 30, 2008, is $1,000,320. The company paid a 7 percent dividend and had an EBITDA of $ 4,900,000. Its depreciation and amortization expense was equal to $1,500,000. The company's tax rate is 36 percent. What is the amount of interest expense for the Corporation?

A. $ 1,837,000
B. $ 1,884,849
C. $ 880,659
D. $ 1,489,500

Reference no: EM13287635

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