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XYZ Inc. recently reported $4 million of net income. Its EBIT was $15 million, and its tax rate was 34%. What was its tax amount?

XYZ Inc. recently reported $4 million of net income. Its EBIT was $15 million, and its tax rate was 34%. What was its tax amount?

$2,060,606

$9,285,714

$2,666,667

$8,939,394

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