Multiple Choice
Lamont Corp.uses no debt.The weighted average cost of capital is 11 percent.The current market value of the equity is $38 million and there are no taxes.What is EBIT?
A) $3,423,000
B) $3,508,600
C) $3,781,100
D) $3,898,700
E) $4,180,000
Correct Answer:
Verified
Correct Answer:
Verified
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