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MassNet Corporation has 5.50 million shares outstanding and debt with interest payments of $ 1.27 million. What earnings before interest and tax (EBIT) must the

MassNet Corporation has 5.50 million shares outstanding and debt with interest payments of $1.27 million. What earnings before interest and tax (EBIT) must the firm have if it were to provide $3per share to the shareholders? Assume perfect markets.

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