Lamont Corp

question 76

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

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