Take Details Question: MC.03.079.Algo 1.0.00 Right 2.1.00 "Check My Work" Clicked: 1 Time 3.0.00 6. 1.00 4.0.00 * 5.0.00 Rao Construction recently reported $35.00 million of sales, $14.10 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? 7.0.00 8.0.00 10. 1.00 O 9.0.00 3 IOI a. $12.90 b. $17.80 c. $17.21 Od. $20.90 Oe. $24.00 Hide Feedback Correct Post Submission Feedback (In millions of dollars) Sales Operating costs excluding depreciation Depreciation Operating income (EBIT) $17.80 Note that operating income is earnings before interest and taxes (EBIT). Solution Correct Response Q Search $35.00 14.10 3.10 40 H O I f12 insprt sc bhff161/MC.03.079.Algo delete Check My Work home end 9:24 PM 11/9/2023 A-Z A G pg up ove