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29 Mayfield Construction recently reported $34.00 million of sales, $11.60 million of operating costs other than depreciation, and $4.00 million of depreciation. It had $8.50
29 Mayfield Construction recently reported $34.00 million of sales, $11.60 million of operating costs other than depreciation, and $4.00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 25%. What was Rao's operating income, or EBIT, in millions? $18.40 $16.70 $11.60 $13.40 $16.56 3 p
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