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Wildhorse Company management is considering a project that will require an initial investment of $47,000...

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Accounting

Wildhorse Company management is considering a project that will require an initial investment of $47,000 and will last for 10
years. No other capital expenditures or increases in working capital are anticipated during the life of the project. What is the
annual EBIT that will make the project economically viable if the cost of capital for the project is 8 percent and the firm will
depreciate the investment using straight-line depreciation and a salvage value of $0? Assume that the marginal tax rate is 24
percent. (Do not round intermediate calculations. Round factor values to 6 decimal places, e.g.11.11111 and final
answer to 0 decimal places, e.g.5,275.)
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EBIT $
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