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Barry Books Inc. recently reported $12,600,000 of net income. Its EBIT was $24,000,000 and its tax rate was 40%. What was its interest expense? $500,000

Barry Books Inc. recently reported $12,600,000 of net income. Its EBIT was $24,000,000 and its tax rate was 40%. What was its interest expense? $500,000 $800,000 $2,000,000 $3,000,000 $5,000,000

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