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billion after tax and EPS of $0.76. This included the additional expense accrual for the industry's special assessment by the FDIC to recover losses from the failures of Silicon Valley Bank and Signature Bank. Investmentbanking saw a nice rebound this quarter. We reported net income of $6.7
We have engaged an investmentbank, and they are currently in discussions with potential suitors on our behalf. Our net income reflects the provision of income tax rate of 23.2%. Advertising and promotion investment is projected to be between 5% and 6% of net sales. Net income of 19.8 compared to $1.38 in the prior year.
Our clients continued to access debt capital markets with investment-grade issuance near record levels. Investmentbanking fees were up 63% versus the prior year, and we've seen some healthy volumes associated with announced deals year to date, particularly in natural resources and technology. We're learning from bestpractices.
Bringing people and process together drives further efficiency and enables us to scale bestpractices. Greg Case -- Chief Executive Officer It's literally as simple as you almost listen to the investmentbank calls, we can talk to the CEOs of those institutions. Third, new products at scale.
A bestpractice is using an end-to-end Reflection loop, where the LLM that is constantly trained on feedback from the evaluations is used to test Agent output for accuracy. Executive reporting and knowledge retrieval (Production): A second investmentbank leverages AI Agents to produce monthly executive briefing reports.
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