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STP Corp. uses no debt. The weighted average cost of capital is 8 percent. The current market value of the equity is $18 million and

STP Corp. uses no debt. The weighted average cost of capital is 8 percent. The current market value of the equity is $18 million and the corporate tax rate is 35 percent. What is the EBIT? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Round your answer to 2

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