Question: Question 3 6.67 points Save Answer Mubadala Co is thinking of two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan

Question 3 6.67 points Save Answer Mubadala Co is thinking of

Question 3 6.67 points Save Answer Mubadala Co is thinking of two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 16,808 shares of stock outstanding. Under Plan II, there would be 9,900 shares of stock outstanding and $13,624 million in debt outstanding. The interest rate on the debt is 11 percent and there are no taxes. What is the breakeven EBIT? Answer in 2 decimal places

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