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A firm's sales this year is $200 million and their EBIT is $24 million. They are forecasting that sales will be $230 million next year.

A firm's sales this year is $200 million and their EBIT is $24 million. They are forecasting that sales will be $230 million next year. Given this sales assumption, what is the expected EBIT next year using Percent of Sales forecasting?

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