A company recently reported

$9.8

million of net income. Its EBIT was

$15

million, and its federal tax rate was

22%

(ignore any possible state corporate taxes).\ What was its EBT? (\ What was its Tax liability? \ What was its interest expense?

A company recently reported $9.8 million of net income. Its EBIT was $15 million, and its federal tax rate was 22% (ignore any possible state corporate taxes). What was its EBT? What was its Tax liability? What was its interest expense? A company recently reported $9.8 million of net income. Its EBIT was $15 million, and its federal tax rate was 22% (ignore any possible state corporate taxes). What was its EBT? What was its Tax liability? What was its interest expense