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show detailed work 10. M&M [LO1] Sugar Skull Corp. uses no debt. The weighted average cost of capital is 7.9 percent. If the current market

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10. M\&M [LO1] Sugar Skull Corp. uses no debt. The weighted average cost of capital is 7.9 percent. If the current market value of the equity is $15.6 million and there are no taxes, what is EBIT? 11. MSM and Taxes [LO2] In Problem 10, suppose the corporate tax rate is 22 percent. What is EBIT in this case? What is the WACC? Explain

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