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MassNet Corporation has 9.85 million shares outstanding and debt with interest payments of $ 1.27 million.

MassNet Corporation has 9.85 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.

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The earnings before interest... View the full answer

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The earnings Before Interest and... View the full answer

1 comment
  • Correction: The earnings Before Interest and Taxes (EBIT)=$9.85 million + $1.27 million=$11.12 million because interest payments from debt is also a revenue.
    • hayl149
    • Aug 08, 2018 at 8:33pm

Shares outstanding=9.85 million... View the full answer

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