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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…
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:
$43 million
$40 Million
$45 million
$60 million
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