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Thrice Corp. uses no debt. The weighted average cost of capital is 8.4 percent. If the current market value of the equity is $29 million

Thrice Corp. uses no debt. The weighted average cost of capital is 8.4 percent. If the current market value of the equity is $29 million and there are no taxes, what is EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g. 1,234,567.)

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