Question: Canyon Buff Enterprise is choosing between financing itself with only equity or with debt and equity. Regardless of how it finances itself, the EBIT for

Canyon Buff Enterprise is choosing between financing itself with only equity or with debt and equity. Regardless of how it finances itself, the EBIT for CDE will be $150 million. If CDE does use debt, the interest expense will be $15 million. If CDE chooses to use debt and equity, how much lower will the net income be compared to using only equity. (Write the answer as a positive number)

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