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Byron Books Inc. recently reported $6 minion of net Income. Its EBIT was $8.8 million, and its tax rate was 25%. What was its interest

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Byron Books Inc. recently reported $6 minion of net Income. Its EBIT was $8.8 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 $6 million of net income by(1-1) 0.75 to find the pretex Income The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems) Write out your answer completely For example, 25 million should be entered 25,000,000. Round your answer to the nearest dollarit necessary. Do not round Intermediate calculations $ Susan and Stan Britton are a married couple who file a joint Income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $187.000. Do not round intermediate calculation What is their federal tax liability Round your answer to the nearest dollar. b. What is their marginal tax rate? Round your answer to the nearest whole number What is their average tax rate? Round your answer to two decimal places

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