What was its interest expense

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Reference no: EM13868434

Molteni Motors Inc. recently reported $8 million of net income. Its EBIT was $15 million, and its tax rate was 36%. What was its interest expense?

$2,880,000

$2,500,000

$3,000,000

$7,000,000

$19,000,000

Reference no: EM13868434

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