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He should not take out the interest in this calculation. I checked with the formula that UNI = EBIT ( 1 - tax rate )

He should not take out the interest in this calculation. I checked with the formula that UNI

=

EBIT

(1 -

tax rate

)

and this case we should have UNI

= 2000 * (1 - . 035) =

1300 -

This is the correct answer. please may you verify it

.

Thank you

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