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QUESTION

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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