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Wood Corp. uses no debt. The weighted average cost of capital is 12 percent. If the current market value of the equity is $33 million

Wood Corp. uses no debt. The weighted average cost of capital is 12 percent. If the current market value of the equity is $33 million and there are no taxes, EBIT is $ . (Do not include the dollar sign ($). Input your answer in dollars, not in millions. (e.g., 1,500,000, not 1.5))

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