please answer and show work (equations) will rate !!

Hang ten surfing supplies have annual sales of $25 million, of which 3% goes to net margin. Their balance sheet indicates that they carry $7.5 million debt, on which they pay interest of 10%. They pay corporate taxes of 40%.; What is their EBIT? Net income = sales * net margin = 25 million * 3% = 750,000 EBT = net income/1-T=750,000/ .6 = 1,250,000 INT = 7.5 million * 10% = 750,000 EBIT =