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Johnson Corp. uses no debt, and is assumed to have perpetual cash flows. The weighted average cost of capital is 10.0 percent. If the current
- Johnson Corp. uses no debt, and is assumed to have perpetual cash flows. The weighted average cost of capital is 10.0 percent. If the current market value of the equity is $15 million and there are no taxes, what is EBIT?A.$1,500,000
- B.$15,000,000
- C.$150,000,000
- D.Cannot calculate from information provided.
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
