Sugar Skull Corporation uses no debt. The weighted average cost of capital is 8.8 percent. The...

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Sugar Skull Corporation uses no debt. The weighted average cost of capital is 8.8 percent. The current market value of the equity is $17.4 million and the corporate tax rate is 24 percent. What is the EBIT? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) EBIT Sugar Skull Corporation uses no debt. The weighted average cost of capital is 8.8 percent. The current market value of the equity is $17.4 million and the corporate tax rate is 24 percent. What is the EBIT? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) EBIT