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Molteni Motors Inc. recently reported $ 2 . 2 5 million of net income. Its EBIT was $ 7 . 5 million, and its tax
Molteni Motors Inc. recently reported $ million of net income. Its EBIT was $ million, and its tax rate was What was its interest expense? Hint: Write out the headings for an income statement and then fill in the known values. Then divide $ million net income by T to find the pretax income. The difference between EBIT and taxable income must be the interest expense. Enter your answer in dollars. For example, an answer of $ million should be entered as Round your answer to the nearest dollar.
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