Question: Explain how to solve for EBT (Earnings before taxes) given the following information: Tax rate = 25% Net income = $12 million. Also, if EBIT

Explain how to solve for EBT (Earnings before taxes) 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

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