ag: 1:51:01 Save Submit Test for Grading Question 5 of 50 Meric Mining Inc. recently reported $25,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. The company had no amortization charges, it had outstanding $6,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes. Select the correct answer. a. $11,915.61 O b. 511,910.91 O c. 511,925.01 d. 511,906.21 e. $11.920.31