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Rao Construction recently reported $22.00 million of sales, $10.10 million of operating costs other than depreciation, and $3.10 million of depreciation. It had $8.50

Rao Construction recently reported $22.00 million of sales, $10.10 million of operating costs other than depreciation, and $3.10 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? a. $8.21 b. $8.80 c. $15.00 Od. $6.15 O e. $11.90

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