Scarlett corp uses no debt the weighted average cost of, Ask an Expert

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Scarlett Corp. uses no debt. The weighted average cost of capital is 9.8 percent. If the current market value of the equity is $29 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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