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Scarlett Corp. uses no debt. The weighted average cost of capital is 6.6 percent. The current market value of the equity is $16 million and
| Scarlett Corp. uses no debt. The weighted average cost of capital is 6.6 percent. The current market value of the equity is $16 million and the corporate tax rate is 35 percent. |
| What is EBIT? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) |
| EBIT | $ |
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