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39.) Rao Construction recently reported $20.50 million of sales $ 12.60 million of operating cost other than depreciation and $3.00 million of depreciation. It had

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39.) Rao Construction recently reported $20.50 million of sales $ 12.60 million of operating cost other than depreciation and $3.00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.070 interest rate and its federal-plus-stat income tax rate was 409 What was Rao's operating income EBIT, in millions ? $3.21 53.57 $3.97 $ 4.41 $ 4.90 OL

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