Little Books Inc. recently reported $14 million of net income. Its EBIT was $25.2 million, and its tax rate was 30%. What was its interest expense? [Hint: Write out the headings for an income statement and then fill in the known values. Then divide $14 million net income by (1 - T) = 0.7 to find the pre-tax income. The difference between EBIT and taxable income must be the interest expense. Use this same procedure to work some of the other problems.