Question 24 (3 points) A company has no debt outstanding and a total market value of $188,000. Earnings before interest and taxes, EBIT, is projected to be $33,000 if economic conditions are normal. If there is a good surprise, then EBIT will be 33 percent higher. If there is a bad surprise, then EBIT will be 42 percent lower. The company is considering a $68,000 debt issue with an interest rate of 6 percent. The proceeds will be used to repurchase shares of stock. There are currently 7,500 shares outstanding. Assume the market-to-book ratio is 1.0, there are no taxes for this problem, and the company goes through with the recapitalization before any surprise occurs. What is the breakeven EBIT? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point. Your