An unlevered company that has a current value of $2,000,000 is considering borrowing $900,000 and using the borrowed funds to repurchase shareThe company can borrow at 4% and has a cost of equity of 11%. EBIT is expected to remain the same every year forever. Assume all available earnings are immediately distributed to comman Shareholders and all the M&M assumptions are satisfied. What is the company's EBIT according to M&M Proposition without taxes? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commes and the $ sign in your response. For example, an awer of 10000 should be entered as 1000.50