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A firm has EBIT (earnings before interest and taxes) of $50 million and paid interest of $10 million. How much money will it pay in

A firm has EBIT (earnings before interest and taxes) of $50 million and paid interest of $10 million. How much money will it pay in federal corporate taxes (assuming the current federal corporate tax rate)? [Enter your answer in $ millions, so if you think the answer is $5.77 million, just type 5.77, without the dollar sign]

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