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Waha Company is locking at two different capital structures, one an all-equity firm and the other a leverod flem with $192 milion of debs financing

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Waha Company is locking at two different capital structures, one an all-equity firm and the other a leverod flem with $192 milion of debs financing at 7% interest. The al-equity firm will have a value of 54.8 milion and 480,000 shares cutstanding. The levered firm wall hare 288,000 shares outstanding. 1. What is the benak-even EBIT for Alpha Company if there aro no corporate taxes? (Plound to the nearest dollar.)

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