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The Company decided to change its capital structure. Long-term loan will be increased from 3 million to 20 million. Interest rate for loan is 9%

The Company decided to change its capital structure. Long-term loan will be increased from 3 million to 20 million. Interest rate for loan is 9% annually. The additional loan will be used for share buyback. The company has 2 million shares in the market with the current price of 17.00 euros. Calculate the break-even EBIT level and EPS with break-even EBIT. Show step-by-step instructions in Excel.

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