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MassNet Corporation has 6.65 million shares outstanding and debt with interest payments of $ 1.81 million. What earnings before interest and tax (EBIT) must the
MassNet Corporation has 6.65 million shares outstanding and debt with interest payments of $1.81 million. What earnings before interest and tax (EBIT) must the firm have if it were to provide $2 per share to the shareholders? MassNet pays tax at the rate of 30%. Place your answer in milions of dollars with two decimal places. Do not include a dollar sign or a comma in your answer. For example, an EBIT of one thousand nine hundred and eighty would be entered as 1980.
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