Please answer these questions ****Show work out please and if you are not 100% your answer is correct please dont answer, thank you :)

1) In its most recent financial statements, Newhouse Inc. reported $20 million of net income and $220 million of retained earnings. The previous retained earnings were $209 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

2) Little Books Inc. recently reported $12 million of net income. Its EBIT was $20.4 million, and its tax rate was 40%. What was its interest expense? [Hint: Write out the headings for an income statement and then fill in the known values. Then divide $12 million net income by (1 - T) = 0.6 to find the pretax income. The difference between EBIT and taxable income must be the interest expense. Use this same procedure to complete similar Problems.] Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

3) Britton Industries has operating income for the year of $3,600,000 and a 35% tax rate. Its total invested capital is $18,000,000 and its after-tax percentage cost of capital is 7%. What is the firms EVA?

4) Graser Trucking has $22 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 16%, and its return on assets (ROA) is 6%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.