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Use the Information for the Question(s)below

Question 89

Multiple Choice

Use the information for the question(s) below.
Fly by Night Aviation (FBNA) expects to have net income next year of $24 million and interest expense of $3 million.FBNA's marginal corporate tax rate is 40%.
-FBNA's EBIT is closest to:


A) $43 million
B) $40 Million
C) $45 million
D) $60 million

Correct Answer:

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