Kizspy Question: 28
(Choose 1 answer)
pdowenlow.com
Parrino Corporation has announced that its net income for the year ended June 30, 2022, is $1,824,214. The
company had an EBITDA of $5,174,366, and its depreciation and amortization expense was equal to
$1,241,790. The company's average tax rate is 34 percent. What is the amount of interest expense for the firm?
A. $2,763,961
B. $939,747
C. $1,187,720
D. $1,168,615
