Solved: Please solve and explain how to solve for ebt earnings, Business Management

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Please solve and explain how to solve for ebt earnings

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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Business Management: Please solve and explain how to solve for ebt earnings

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