Question: Your mother's company is unlevered and has a weighted average cost of capital of 7 percent. She believes that the company's EBIT will be

Your mother's company is unlevered and has a weighted average cost of

Your mother's company is unlevered and has a weighted average cost of capital of 7 percent. She believes that the company's EBIT will be a constant amount in perpetuity. The current market value of the company's equity is $33 million and the corporate tax rate is 35 percent. What is the company's EBIT? (Round your answer to the nearest whole dollar.) EBIT $

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