Once bitten corp uses no debt it is unleveraged the, Financial Management

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Once bitten corp uses no debt it is unleveraged the

Once Bitten Corp. uses no debt (it is "unleveraged"). The weighted average cost of capital is 10 percent. If the current market value of the equity is $14 million and there are no taxes, what is EBIT? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g. 1, 234, 567.)

EBIT $

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Financial Management: Once bitten corp uses no debt it is unleveraged the

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