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| Milestone Investments Inc. currently has 21,000,000 shares outstanding with a price of $32.19 per share. The company is considering raising debt capital to retire

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| Milestone Investments Inc. currently has 21,000,000 shares outstanding with a price of $32.19 per share. The company is considering raising debt capital to retire 10% of the shares outstanding at an annual interest rate of 6%. What is the break-even EBIT for this proposed capital restructure? [10 points]

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