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Thrice Corp. uses no debt. The weighted average cost of capital is 8.4 percent. The current market value of the equity is $16.3 million and

Thrice Corp. uses no debt. The weighted average cost of capital is 8.4 percent. The current market value of the equity is $16.3 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? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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