Your mother's company is unlevered and has a weighted average cost of capital of 7.6...
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Accounting
Your mother's company is unlevered and has a weighted average cost of capital of 7.6 percent She believes that the company's EBIT will be a constant amount in perpetuity. The current market value of the company's equity is $14 million and the corporate tax rate is 35 percent What is the company's EBIT? (Round your answer to the nearest whole dollar.) EBIT
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