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MassNet Corporation has 5.50 million shares outstanding and debt with interest payments of $2.26 million. What earnings before interest and tax (EBIT) must the firm

MassNet Corporation has 5.50 million shares outstanding and debt with interest payments of $2.26 million. What earnings before interest and tax (EBIT) must the firm have if it were to provide $3 per share to the shareholders? MassNet pays tax at the rate of 30%

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