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Management of March and Blossom Inc. has estimated that the firm's new TV dinner project must generate $10,100 in FCF during each of the next

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Management of March and Blossom Inc. has estimated that the firm's new TV dinner project must generate $10,100 in FCF during each of the next six years to have an NPV of $0. Management anticipates that depreciation and amortization charges will equal $2,500.capital expenditures will equal $1,800, and additions to working capital will equal $400 during each of those years. What level of EBIT corresponds to an annual FCF of $10,100 if the firm is subject to the 30 percent marginal tax rate? (Round answer to 2 decimal places, e.g. 52.75.) EBIT $

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