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Sugar Skull Corporation uses no debt. The weighted average cost of capital is 9 percent. The current market value of the equity is $ 1

Sugar Skull Corporation uses no debt. The weighted average cost of capital is 9 percent.
The current market value of the equity is $17.6 million and the corporate tax rate is 21
percent. What is the EBIT? (Do not round intermediate calculations. Enter your answer
in dollars, not millions of dollars, rounded to 2 decimal places, e.g.,1,234,567.89.)
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