Question 6 3.34 pts UEX Corp's management has decided to repurchase some of the company's shares. The company has 1,500,000 shares outstanding that trade at $25.00 per share and book value equity of $37,500,000. It plans to repurchase 800,000 shares at $25.00 and will use debt to finance the purchase at an interest rate of 8.0%. The company's EBIT is $4,000,000. Ignoring income taxes, what is the breakeven EBIT (the EBIT level where pre and post repurchase EPS and ROE are the same)