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Avvake Corporation currently has no debt and has 11,200 shares of stock outstanding. The market price of the stock is $38 per share. Awake Corporation's

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Avvake Corporation currently has no debt and has 11,200 shares of stock outstanding. The market price of the stock is $38 per share. Awake Corporation's management has decided to sell $68,000 wort of debt and use the money to repurchase shares. The interest rate on the debt will be 9 percent. What is the break-even EBIT? Multiple Choice O $41.387 O $38203 O $44709 o $99.95 o $32.746

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