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Intro Caligula Corp. has 900,000 shares outstanding, currently trading at $64. The company is borrowing $3,400,000 to buy back some shares. The interest rate is

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Intro Caligula Corp. has 900,000 shares outstanding, currently trading at $64. The company is borrowing $3,400,000 to buy back some shares. The interest rate is 11%. Assume that the buy-back does not affect the stock price. IB Attempt 1/10 for 10 pts. Part 1 What is the break-even EBIT if there are no taxes? 0+ decimals Submit Part 2 JB Attempt 1/10 for 10 pts. What is the break-even EBIT if the tax rate is 34967 0+ decimals

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