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Business, 12.03.2020 20:21 kiahbryant12

Rao Construction recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 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? $3.21 $3.57 $3.97 $4.41 $4.90

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Rao Construction recently reported $20.50 million of sales, $12.60 million of operating costs other...
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