Questions MC.03.079.Algo Question 5 of 26 ) 5. 6. 8 . Rao Construction recently reported $25.50 million of sales, $13.90 million of operating costs other than depreciation, and $2.70 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal- plus-state income tax rate was 25%. What was Rao's operating income, or EBIT, in millions? OlO a. $14.30 O b. $6.23 O c. $8.31 d. $8.90 CN o e. $11.60 13. 15