Question: Once Bitten Corp. uses no debt. The weighted average cost of capital is 10.4 percent. If the current market value of the equity is $26

Once Bitten Corp. uses no debt. The weighted average cost of capital is 10.4 percent. If the current market value of the equity is $26 million and there are no taxes, what is EBIT? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.)

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