Question: Problem 16-10 M and M [LO1] Once Bitten Corp. uses no debt. The weighted average cost of capital is 6.6 percent. If the current market

Problem 16-10 M and M [LO1] Once Bitten Corp. uses no debt. The weighted average cost of capital is 6.6 percent. If the current market value of the equity is $16 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.) EBIT $

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