Attempts: Score: /1 16. EBIT Rao Construction recently reported $29.0 million of sales, $14.0 million of operating costs other than depreciation, and $3.0 million of depreciation. It had $10.0 million of bonds outstanding that carry a 10.0% interest rate, and its federal plus-state income tax rate was 40%, what was Rao's operating income, or EBIT, in milions? O 12.0 7.2 6.6 O 7.7 O 11.0