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A company recently reported $9.7 million of net income. Its EBIT was $15.5 million, and its federal tax rate was 24% (ignore any possible state

A company recently reported $9.7 million of net income. Its EBIT was $15.5 million, and its federal tax rate was 24% (ignore any possible state corporate taxes).

What is the EBT?

What is the Tax liability?

What is the interest expense?

Formulas and Excel set up is appriciated.

Thanks!

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