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Canvas Netflix y! Yahoo G Google Seved Chapter 16 - Review Problems (Graded) You received no credit for this quest 1 Problem 16-11 MM and Taxes 20 points Gunnar Corp. uses no debt. The weighted average cost of capital is 9.2 percent. The current market value of the equity is $50 million and the corporate tax rate is 23 percent. What is the EBIT? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g. 1,234,567.89.) eBook EBIT $ 5,970,000.00 Hint References