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Problem 16-10 MM Gunnar Corp. uses no debt. The weighted average cost of capital is 4.8 percent. If the current market value of the equity

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Problem 16-10 MM Gunnar Corp. uses no debt. The weighted average cost of capital is 4.8 percent. If the current market value of the equity is $23 million and there are no taxes, what is EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) EBIT

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