25, NHO C3 MCB0 Rao Construction recently reported $18.00 million of sales, $12.60 million of...
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25, NHO C3 MCB0 Rao Construction recently reported $18.00 million of sales, $12.60 million of operating costs other than depreciation, and $3.30 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 40%. What was Rao's operating income, or EBIT, in millions? O $2.88 $2.70 O $2.10 O 51.90 $2.40
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