Beta Inc. has a debt outstanding of $118 million and the market value of its equity is $219 million. Beta Inc. pays an interest rate of 7.38% on its debt and has a corporate tax rate of 22%. The expected rate of return on the market is 12% and the risk-free rate is 3.15%. The equity beta for an otherwise identical, unlevered firm is 1.25. Assuming EBIT in perpetuity what is the EBIT for Beta Inc.? a. $55.26 million b. $50.99 million c. $60.15 million d. $56.67 million e. None of the above