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Suppose Green Rabbit Transportation Inc. is considering a project that will require $350,000 in assets. The project is expected to produce earnings before interest and

Suppose Green Rabbit Transportation Inc. is considering a project that will require $350,000 in assets. The project is expected to produce earnings before interest and taxes (EBIT) of $40,000. Common equity outstanding will be 30,000 shares. The company incurs a tax rate of 30%.

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