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MassNet Corporation has 5.85 million shares outstanding and debt with interest payments of $ 1.53 million. What earnings before interest and tax (EBIT) must the

MassNet Corporation has 5.85 million shares outstanding and debt with interest payments of $1.53 million. What earnings before interest and tax (EBIT) must the firm have if it were to provide $4 per share to the shareholders? MassNet pays tax at the rate of 30%. Place your answer in milions of dollars with two decimal places.

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