12 Styles E Themes Text Box $19.56 Rao Construction recently reported $18.00 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 million of depreciation. It had S8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Rao's operating income, or EBIT, in millions? Question 22 options: $2.78 $2.88 $1.90 0$2.40 $2.11