Gunnar Corp. uses no debt. The weighted average cost of capital is 8.8 percent. The...
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Gunnar Corp. uses no debt. The weighted average cost of capital is 8.8 percent. The current market value of the equity is $48 million and the corporate tax rate is 21 percent. What is the EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) EBIT
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