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please solve for EBIT Problem 16-11 MM and Taxes Gunnar Corp. uses no debt. The weighted average cost capital is 9.2 percent. The current market
please solve for EBIT
Problem 16-11 MM and Taxes Gunnar Corp. uses no debt. The weighted average cost capital is 9.2 percent. The current market value of the equity is $50 million and the corporate tax rate is 23 percent What is the EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) EBIT Step by Step Solution
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