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Sugar Skull Corporation uses no debt. The weighted average cost of capital is 7.9 percent. The current market value of the equity is $15.6 million

Sugar Skull Corporation uses no debt. The weighted average cost of capital is 7.9 percent. The current market value of the equity is $15.6 million and the tax rate is 22 percent.

a.

What is the EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)

b. What is the WACC?

?

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