Chapter 16 - Review Problems (Grad... Saved Help Save & Exit Submit Check my work Problem 16-11 MM and Taxes 20 points Gunnar Corp. uses no debt. The weighted average cost of capital is 8.6 percent. The current market value of the equity is $44 million and the corporate tax rate is 22 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.) eBook EBIT Hint References