Rao Construction recently reported $30.00 million of sales,$12.60 million of operating costs other than depreciation,and $3.00 million of depreciation.It had $8.50 million of bonds outstanding that carry a 7.0% interest rate,and its federal-plus-state income tax rate was 25%.What was Rao's operating income,or EBIT,in millions?

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The Answer of Rao Construction recently reported $30.00 million of sales,$12.60 million of operating costs other than depreciation,and $3.00 million of depreciation.It had $8.50 million of bonds outstanding that carry a 7.0% interest rate,and its federal-plus-state income tax rate was 25%.What was Rao's operating income,or EBIT,in millions?

Rao Construction Recently Reported $30