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Firm ABC currently has debt of $3,176 that charges 7.6% interest and 775 shares outstanding. If it borrows additional debt of $1,853 at the same

Firm ABC currently has debt of $3,176 that charges 7.6% interest and 775 shares outstanding. If it borrows additional debt of $1,853 at the same interest rate to buy back 106 shares, what is the breakeven EBIT of the two capital structures? Assume tax rate is 35%

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