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Crane Corporation recently reported an EBITDA of $33,000,000.00 and net income of $10,500,000.00. The company had $7,300,000.00 in interest expense, and its average corporate tax
Crane Corporation recently reported an EBITDA of $33,000,000.00 and net income of $10,500,000.00. The company had $7,300,000.00 in interest expense, and its average corporate tax rate was 30 percent. What was its depreciation and amortization expense? (Round intermediate calculations and final answer to 2 decimal places, e.g. 9,700,000.25.)
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