Consider a company that is currently all-equity financed and expects to operate in perpetuity with constant FCF. The current market value of the company is $20.0M (M=million). The business of the company is very (positively) correlated with the market implying an equity beta equal to 1.5. The risk free rate is 3.7%, while the expected return of the market is 7.0%. The corporate tax rate is 29%. Q: What is the company's expected EBIT for next year (assume no depreciation and amortization, no capital expenditures, and no changes in the net working capital)? Report your answer in million (M) and round it to 2 decimal places

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