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MassNet Corporation has 7 . 8 5 million shares outstanding and debt with interest payments of $ 1 . 1 2 million. What earnings before

MassNet Corporation has 7.85 million shares outstanding and debt with interest payments of $1.12 million. What earnings before interest and tax (EBIT) must the firm have if it were to provide $2 per share to the shareholders? MassNet pays tax at the rate of 30%.
Answer:$
million
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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