Number One Retail, Inc. has a gross profit of $55 million, operating expenses of $22 million (which

Question:

Number One Retail, Inc. has a gross profit of $55 million, operating expenses of $22 million (which includes $6 million in depreciation and amortization), and interest expenses of $8 million. Its corporate tax rate is 35 percent. Calculate the firm's earnings before interest, taxes, depreciation, and amortization (EBITDA).