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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 $10000and has500shares of stock outstanding. Board also has $10000in assets and has $3000in debt financed at an interest rate of7.50% and has350shares of stock outstanding. Assume perfect capital markets.

Calculate the level of EBIT that would make earnings per share the same for Ski and Board. $_______

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