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My specific question for this is: Why do they multiply the EBIT by 0.75? I thought that we are supposed to multiply by 0.79 aka

My specific question for this is: Why do they multiply the EBIT by 0.75? I thought that we are supposed to multiply by 0.79 aka (1-tax)

I've attached the work for the correct answer. Can you please advise on why they multiplied ebit by 0.75 and not 0.79?

#17 Quiz - 62, SOO 25,ooo 8,000 Why not 0.79 EBIT = 29,500 29, soo x 0.75 = aa, 125 Lottaa 8,000 DE 31, 305

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