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Sugar Skull Corporation uses no debt. The weighted average cost of capital is 9 . 7 percent. The current market value of the equity is

Sugar Skull Corporation uses no debt. The weighted average cost of capital is 9.7 percent. The current market value of the equity is $18.3 million and the corporate tax rate is 23 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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