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Intro Caligula Corp. has 900,000 shares outstanding, currently trading at $64. The company is borrowing $3,700,000 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 $3,700,000 to buy back some shares. The interest rate is 7%. Assume that the buy-back does not affect the stock price. Part 1 IB Attempt 1/5 for 10 pts. What is the break-even EBIT if there are no taxes? No decimals Submit Part 2 1B Attempt 1/5 for 10 pts. What is the break-even EBIT if the tax rate is 34%? No decimals Submit

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