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R Cnstructin recently reported $19.00 million of sles, $12.60 million of operting costs other than depreciation, and $3.00 million of depreciation. It had $8.50 million
R Cnstructin recently reported $19.00 million of sles, $12.60 million of operting 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 federal-plus-state income tax rate was 25%. What was Rao's operating income, or EBIT, in millions?
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Sport Finance
Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello
3rd Edition
1450421040, 978-1450421041
