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Thrice Corp. uses no debt. The weighted average cost of capital is 10.3 percent. The current market value of the equity is $18.9 million and

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Thrice Corp. uses no debt. The weighted average cost of capital is 10.3 percent. The current market value of the equity is $18.9 million and the corporate tax rate is 24 percent. What is EBIT? (Do not round intermediate calculations. Enter your answer In dollars, not millions of dollars, rounded to 2 declmal places, e.g., 1,234,567.89.) EBIT

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