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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 $ 12000 and has

Ski and Board are two identical firms of identical size operating in identical markets. Ski is unlevered with assets valued at $12000and has600shares of stock outstanding. Board also has $12000in assets and has $6000in debt financed at an interest rate of6.00% and has300shares 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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