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Number One Retail Inc. has a gross profit of $56.73 million, operating expenses of $20.56 million (which includes $6.38 million in depreciation and amortization), and

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Number One Retail Inc. has a gross profit of $56.73 million, operating expenses of $20.56 million (which includes $6.38 million in depreciation and amortization), and interest expenses of $8.82 million. Its corporate tax rate is 35 percent. Calculate the firm's earnings before interest, taxes, depreciation and amortization (EBITDA). Calculate the EBITDA below: (Round to two decimal places.)

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