Byron books inc. recently reported $13 million of net income. its ebit was $32.5 million, and its tax rate was 35%. what was its interest expense? (hint: write out the headings for an income statement, and then fill in the known values. then divide $13 million of net income by (1 - t) = 0.65 to find the pretax income. the difference between ebit and taxable income must be 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. do not round intermediate calculations.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.