Chapter 16 Review Problems (G... i 1 20 points eBook 100 Hint References Saved Problem 16-11 MM and Taxes EBIT Help Save & Exit Submit Check my work Sugar Skull Corporation uses no debt. The weighted average cost of capital is 9.4 percent. The current market value of the equity is $52 million and the corporate tax rate is 25 percent. What is the EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.)