Snyder Company recently reported $6.5 million of net income. Its EBIT (Earnings before Interest and Taxes) was $10.4 million, and its tax rate was 35%. What was its interest expense? (Hint: Write out the headings for an income statement, and fill in the known values. Then divide $6.5 million of net income by (1-.35) to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.) Use the partial income headings below for help: EBITInterestEBTTaxesNIGivenInterest=EBITEBTEBT=NetIncome/(1-taxrate)EBTisalsocalledpretaxincome.Taxes=EBTxtaxrateGiven