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P16-10 M&M [LO1] Wood Corp. uses no debt. The weighted average cost of capital is 13 percent. If the current market value of the equity

P16-10 M&M [LO1]

Wood Corp. uses no debt. The weighted average cost of capital is 13 percent. If the current market value of the equity is $35 million and there are no taxes, EBIT is $. (Do not include the dollar sign ($). Input your answer in dollars, not in millions. (e.g., 1,234,567))

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