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The National Powerhouse Company currently has no debt in its capital structure. The company has decided to restructure, raising $5 million debt at 12 per

The National Powerhouse Company currently has no debt in its capital structure. The company has decided to restructure, raising $5 million debt at 12 per cent. ABC currently has 500 000 shares on issue at a price of $200 per share. As a result of the restructure, what is the minimum level of EBIT the company needs to maintain EPS (the break-even EBIT)?Ignore taxes

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