Question
Problem 16-11 M and M and Taxes [LO2] Thrice Corp. uses no debt. The weighted average cost of capital is 8.8 percent. The current market
Problem 16-11 M and M and Taxes [LO2]
| Thrice Corp. uses no debt. The weighted average cost of capital is 8.8 percent. The current market value of the equity is $17.4 million and the corporate tax rate is 24 percent. |
| What is EBIT? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) |
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Introductory Econometrics For Finance
Authors: Chris Brooks
4th Edition
110843682X, 9781108436823
