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1. Firm B has an EBIT of $2.4 million. Total capital is $50 million and the capital structure is composed of 40% debt and 60%

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1. Firm B has an EBIT of $2.4 million. Total capital is $50 million and the capital structure is composed of 40% debt and 60% equity. If the firm's tax rate is 30%, and the cost of the firm's debt is 4.5%. What is the Net Income of Firm B? o $1050 o 5780 O 5735 O 5105

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