Plugging in the figure you calculated for

EBT

and

$13,100,000

in for

EBIT

into the previous formula, and solving for

I

yields an interest expense of

$

million.

Plugging in the figure you calculated for EBT and $13,100,000 in for EBIT into the previous formula, and solving for I yields an interest expense of $ million. Plugging in the figure you calculated for EBT and $13,100,000 in for EBIT into the previous formula, and solving for I yields an interest expense of $ million