What earnings before interest and tax

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Reference no: EM131905495

MassNet Corporation has 4.65 million shares outstanding and debt with interest payments of $1.27 million. What earnings before interest and tax (EBIT) must the firm have if it were to provide $1 per share to the shareholders? Assume perfect markets.

Answer:$_____ million

Place your answer in milions of dollars with two decimal places.

Reference no: EM131905495

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