Question: please show work neatly preferable not using excel. 5. Milestone Investments Inc. currently has 21,000,000 shares outstanding with a price of $32.19 per share. The

please show work neatly preferable not using excel. 5. Milestone Investments

please show work neatly preferable not using excel.

5. Milestone Investments Inc. currently has 21,000,000 shares outstanding with a price of $32.19 per share. The company is considering raising debt capital to retire 10% of the shares outstanding at an annual interest rate of 6%. What is the break-even EBIT for this proposed capital restructure? [ 10 points ]

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