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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

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? Blank 1\ What was its Tax liability? Blank 2\ What was its interest expense? Blank 3

image text in transcribed
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? Blank 1 What was its Tax liability? Blank 2 What was its interest expense? Blank 3

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