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Byron Books Inc. recently reported $15 millon of net income. Its EBIT was $29.2 million, and its tax rate was 25%. What was its interest

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Byron Books Inc. recently reported $15 millon of net income. Its EBIT was $29.2 million, and its tax rate was 25\%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $15 miliion of net income by ( 1T)=0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to compiete similar problems.) Write out your answer completely. For example, 25 millon should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate caiculations

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