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Eyron Bools Ine, recentiy reported $18 millon of net income. Its EBIT was $44.9 million, and its tax rate was 25%. What was its interest

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Eyron Bools Ine, recentiy reported $18 millon of net income. Its EBIT was $44.9 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 $18 malion of net lacome by (1+T)=0.75 to find the pretax income. The difference between EBiT and taxable thcome nust be iterest expense. Use this same procedure to coenplete similar problems.) Write out your answer completely. For example, 25 million should be entered as 25,000,000, Round your answer to the nearest doltac, if necessary. Do not round intermediate calculations

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