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Ch. 16. LMNOP Corporation uses no debt. The weighted average cost of capital is 9.2 percent. If the current market value of the equity is

Ch. 16. LMNOP Corporation uses no debt. The weighted average cost of capital is 9.2 percent. If the current market value of the equity is $31.7 million and there are no taxes, what is EBIT?

Round to the nearest dollar and format as "X,XXX,XXX"

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