Uses no debt-it is unleveraged

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Reference no: EM131604036

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 $

Reference no: EM131604036

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