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QUESTION 03- 12.5 MARKS Easy lunchbox recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $3-00 million of depreciation.

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QUESTION 03- 12.5 MARKS Easy lunchbox recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $3-00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its income tax rate was 40%. What was Easy lunchbox operating income, or EBIT, in millions

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