Suppose that Redwood Books has a reported net income of $10 million, an operating income (EBIT) of $13.4 million, and a tax rate of 20.00% According to the video, which of the following formulas correctly describes the relationship between net income (NI), EBT, and the cax rate (t)? EBT=NI(1n)EBT=ItNIEBT=NI+(1t)EBT=NII Plugging in $10 million for N/ and 20.00% in for t into the previous formula vields an EBT of $ million. According to the video, which of the following most accurately describes the relationship between opertaing income (EBIT) and EBT? (Hint: Let interest expense be noted as l ). EBT=EBH+lEBT=EBITlEBT=TFHTEBT=EATl Plugging in the figure you calculated for EBT and $13,400,000 in for EBrT into the previous formula, and solving for i vieids an interest expense of s million. Nowit's time for you to practice what you've learned. Suppose that Redwood books has a reported net income of $20 million, an operating income (EBr) of $25.6 million, and a tax rate of 20.00%. Redwood books has an inkerest expense of 3 milition