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Byron 8ocks Inc, recently reported $18 million of net income. Its E8rT was $32.8 million, and its tax rate was 25%, What was its interest

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Byron 8ocks Inc, recently reported $18 million of net income. Its E8rT was $32.8 million, and its tax rate was 25%, What was its interest expense? (Hinti White aut the headings for an income statement, and then fil in the known values. Then divide $18 million of net income by (1 - T)=0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar probiems.) Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations. 5

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