Problem 16-11 MM and Taxes Gunnar Corp. uses no debt. The weighted average cost of capital is 9.3 percent. The current market value of the equity is $51 million and the corporate tax rate is 24 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