Ski and Board are two identical firms of identical sizeoperating in identical markets. Ski is unlevered with assets valuedat $14000 and has 700 shares of stock outstanding. Board also has$14000 in assets and has $7000 in debt financed at an interest rateof 9.50% and has 350 shares of stock outstanding. Assume perfectcapital markets.
Calculate the level of EBIT that would make earnings per sharethe same for Ski and Board.
$
Place your answer to the nearest dollar. If applicable, youranswer should NOT include a comma
