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Motors inc recently reported 6 million of net income its

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Motors Inc. recently reported $6 million of net income. Its EBIT was $13 million and its tax rate was 40%. What was the interest expense? Then divide $6million net income by 1-T = 0.6 to find the pre-tax income. The difference between EBIT and taxable income must be the interest expense.

Reference no: EM13479176

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