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

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British Pound

The currency of the United Kingdom, often symbolized as GBP (£), which is one of the world's major currencies.

U.S. Dollar

The United States' official monetary unit, extensively utilized as a benchmark for trade in global markets.

Exchange Rate

The price of one currency in terms of another currency for conversion purposes.

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The official currency of Brazil, abbreviated as BRL, and made up of 100 centavos.