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Pelamed Pharmaceuticals had EB/T of $334 million in 2010 . In addition, Pelamed had interest expenses of $122 million and a corporate tax rate of 30%. a. What is Pelamed's 2010 net income? b. What is the total of Pelamed's 2010 net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? d. What is the amount of Pelamed's interest tax shield in 2010? a. What is Pelamed's 2010 net income? The 2010 net income is $ million. (Round to the nearest integer.) b. What is the total of Pelamed's 2010 net income plus interest payments? The total of Pelamed's 2010 net income plus interest payments is $ million. (Round to the nearest integer.) c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? The 2010 net income with no interest expense would be $ million. (Round to the nearest integer.) The 2010 net income with no interest expense is $ million higher than the 2010 net income with interest expense. (Round to the nearest integer.) d. What is the amount of Pelamed's interest tax shield in 2010 ? Pelamed's interest tax shield in 2010 is $ million. (Round to the nearest integer.) Pelamed Pharmaceuticals had EB/T of $525 million in 2010 . In addition, Pelamed had interest expenses of $212 million and a corporate tax rate of 37%. a. What is Pelamed's 2010 net income? b. What is the total of Pelamed's 2010 net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? d. What is the amount of Pelamed's interest tax shield in 2010? a. What is Pelamed's 2010 net income? To find the net income of the firm, use the following formula: Net Income =EB/T Interest - Taxes Therefore, Net Income =($525 million $212 million )(10.37)=$197 million The 2010 net income is $197 million. b. What is the total of Pelamed's 2010 net income plus interest payments? To find the total net income plus interest expense, use the following formula: Total Net Income and Interest Expense = Net Income + Interest Therefore, Total Net Income and Interest Expense =$197 million +$212 million =$409 million The total of Pelamed's 2010 net income plus interest payments is $409 million. c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? To find the net income if there were no interest, use the following formula: Net Income =EB/T Taxes Therefore, Net Income =$525 million (10.37)=$331 million The 2010 net income would be $331 million. The 2010 net income with no interest expense is \$134 million higher than the 2010 net income with interest expense, Difference = Net Income without Interest Expense - Net Income with Interest Expense Difference =$331 million $197 million =$134 million d. What is the amount of Pelamed's interest tax shield in 2010? To find the interest tax shield, use the following formula: Interest Tax Shield = Corporate Tax Rate Interest Payments Therefore, Interest Tax Shield =0.37$212 million =$78 million Pelamed's interest tax shield in 2010 is $78 million. Pelamed Pharmaceuticals had EB/T of $334 million in 2010 . In addition, Pelamed had interest expenses of $122 million and a corporate tax rate of 30%. a. What is Pelamed's 2010 net income? b. What is the total of Pelamed's 2010 net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? d. What is the amount of Pelamed's interest tax shield in 2010? a. What is Pelamed's 2010 net income? The 2010 net income is $ million. (Round to the nearest integer.) b. What is the total of Pelamed's 2010 net income plus interest payments? The total of Pelamed's 2010 net income plus interest payments is $ million. (Round to the nearest integer.) c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? The 2010 net income with no interest expense would be $ million. (Round to the nearest integer.) The 2010 net income with no interest expense is $ million higher than the 2010 net income with interest expense. (Round to the nearest integer.) d. What is the amount of Pelamed's interest tax shield in 2010 ? Pelamed's interest tax shield in 2010 is $ million. (Round to the nearest integer.) Pelamed Pharmaceuticals had EB/T of $525 million in 2010 . In addition, Pelamed had interest expenses of $212 million and a corporate tax rate of 37%. a. What is Pelamed's 2010 net income? b. What is the total of Pelamed's 2010 net income plus interest payments? c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? d. What is the amount of Pelamed's interest tax shield in 2010? a. What is Pelamed's 2010 net income? To find the net income of the firm, use the following formula: Net Income =EB/T Interest - Taxes Therefore, Net Income =($525 million $212 million )(10.37)=$197 million The 2010 net income is $197 million. b. What is the total of Pelamed's 2010 net income plus interest payments? To find the total net income plus interest expense, use the following formula: Total Net Income and Interest Expense = Net Income + Interest Therefore, Total Net Income and Interest Expense =$197 million +$212 million =$409 million The total of Pelamed's 2010 net income plus interest payments is $409 million. c. If Pelamed had no interest expenses, what would have been its 2010 net income? How does it compare to your answer in part (a)? To find the net income if there were no interest, use the following formula: Net Income =EB/T Taxes Therefore, Net Income =$525 million (10.37)=$331 million The 2010 net income would be $331 million. The 2010 net income with no interest expense is \$134 million higher than the 2010 net income with interest expense, Difference = Net Income without Interest Expense - Net Income with Interest Expense Difference =$331 million $197 million =$134 million d. What is the amount of Pelamed's interest tax shield in 2010? To find the interest tax shield, use the following formula: Interest Tax Shield = Corporate Tax Rate Interest Payments Therefore, Interest Tax Shield =0.37$212 million =$78 million Pelamed's interest tax shield in 2010 is $78 million