The weighted average cost of capital is 104 percent if the, Financial Management

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The weighted average cost of capital is 104 percent if the

Scarlett Corp. uses no debt. The weighted average cost of capital is 10.4 percent. If the current market value of the equity is $18 million and there are no taxes, what is EBIT? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

EBIT $

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Financial Management: The weighted average cost of capital is 104 percent if the

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Financial Management: The weighted average cost of capital is 104 percent if the

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