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Ski and Board are two identical firms of identical size operating in identical markets. Ski is unlevered with assets valued at $ 10000 and has
Ski and Board are two identical firms of identical size operating in identical markets. Ski is unlevered with assets valued at $10000 and has 500 shares of stock outstanding. Board also has $10000 in assets and has $7000 in debt financed at an interest rate of 7.00% and has 150 shares of stock outstanding. Both Ski and Board pay tax at the rate of 30%. Calculate the level of EBIT that would make earnings per share the same for Ski and Board. $ Place your answer to the nearest dollar. If applicable, your answer should NOT include a comma
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