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A listed firm recently reported an EBITDA of $25 million and net income of $15.8 million. The company had a interest expense of $2 million.
A listed firm recently reported an EBITDA of $25 million and net income of $15.8 million. The company had a interest expense of $2 million. Its federal tax rate was 21% (no state corp taxes). What was its depreciation and amortization in million dollars?
(hint: build the income statement, and then back up the D&A)
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