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

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?

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