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A corporation currently has 1 . 5 million outstanding shares w / a mkt value of 2 8 $ per share. The corp does not

A corporation currently has $1.5$ million outstanding shares w $/$ a mkt value of $28$ $ per share. The corp does not currently have any debt. It intends to bornow & $($ a $) 8 %$ in order to buy back $20 %$ of its outstanding shares $($ e $)$ the current mkt price. Calculate the BE EBIT for this new structure to make sense.

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