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2. MM and Taxes Scarlett Corp. uses no debt. The weighted average cost of capital is 8.4 percent. If the current market value of the

2. MM and Taxes Scarlett Corp. uses no debt. The weighted average cost of capital is 8.4 percent. If the current market value of the equity is $43 million. Suppose the corporate tax rate is 35 percent. What is EBIT? [Hint]: Vu= 43 million

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