Question

Thrice Corp. uses no debt. The weighted average cost of capital is 9.9 percent. The current market value of the equity is $18.5 million and the corporate tax rate is 25 percent.

  

What is EBIT? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)

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