Nancy Corporation uses no debt. The weighted average cost of capital is 11%. If the current market value of the equity is $43 million and there are no taxes, what is the EBIT (earnings before interest/taxes)?

Nancy Corporation uses no debt. The weighted average cost of capital is 11%. If the current market value of the equity is $43 million and there are no taxes, what is the EBIT (earnings before interest/taxes)?

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