I am trying to find the net income for the following:
Operating Income=5 million
net depreciation expense=1 million
Interest expense=1 million
tax rate=40%
current assets=14 million
non interest liabilities=4 million
net plant & equipment=15 million
after tax cost of capital=10%

Thank you for you help..

What do YOU think the answer is?

I believe I have figured it out..

my answer is:
5
+14
+15
=34 million in assets

1
+1
+4
=6 million in liability

34
- 6
=28 million
x.4 (40% tax)
=11.2 million net income

Net Income deals with Revenues and Expenses.

The following accounts relate to assets and liabilities that you see on the balance sheet:
current assets=14 million
net plant & equipment=15 million
non interest liabilities=4 million

The following accounts deal with Net Income and the Income Statement:

Operating Income=5 million
LESS:
net depreciation expense=1 million
Interest expense=1 million

Income BEFORE Tax = 3 million

TAX = 3 million x 40% = 1.2 million

NET INCOME 1.8 million