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A firm currently uses no debt financing, and plan to increase debt by $1 million. The interest rate on the debt will be 9%. The

A firm currently uses no debt financing, and plan to increase debt by $1 million. The interest rate on the debt will be 9%. The firm has 200,000 shares outstanding, and the price per share is $20.

Ignoring Taxes, break-even EBIT is $

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