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Hypothetical financial firm

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Reference no: EM131455773

Please solve and explain how to solve for EBT (Earnings before taxes) for the following hypothetical financial firm given the following information:

Tax rate = 25%

Net income = $12 million.

Also, if EBIT (Earnings before interest and taxes) = $21 million, what would the interest expense equal?

Reference no: EM131455773

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