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STP Corp. uses no debt. The weighted average cost of capital is 5 . 2 percent. The current market value of the equity is $

STP Corp. uses no debt. The weighted average cost of capital is 5.2 percent. The current market value of the equity is $20 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 decimal places. (e.g.,32.16))

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