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show detailed work no taxes. what is EBIT? M&M and Taxes [LO2] In Problem 10, suppose the corporate tax rate is 22 percent. What is

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no taxes. what is EBIT? M\&M 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. (0.) 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? 1. M\&M 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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