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Once Bitten Corp. uses no debt. The weighted average cost of capital is 4.8 percent. If...

Once Bitten Corp. uses no debt. The weighted average cost of capital is 4.8 percent. If the current market value of the equity is $23 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.)

  

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EBIT x (1-Tax)/WACCValue of the firm EBIT x (1-0)/0.048$23,000,000 EBIT$1,104,000 23000000 0.048 ]

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