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Nolan Corp. uses no debt. The weighted average cost...

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Accounting

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Nolan Corp. uses no debt. The weighted average cost of capital is 75 percent. The current market value of the equity is $13 million and the corporate tax rate is 23 percent. What is the company's EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) EBIT

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