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4 18. Blue Company recently reported $10,500 of sales, $4,000 of operating costs other than...

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4 18. Blue Company recently reported $10,500 of sales, $4,000 of operating costs other than depreciation, and $2,500 of depreciation. It had $4,000 of bonds outstanding that carry a 7%interest rate, and its tax rate was 35%. How much was the firm's earnings before taxes and interest (EBIT)? * $ 4,000 $ 3,720 O $ 2,418 O $ 7,418 O None of the above

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