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BECKETT, INC., HAS NO DEBT OUTSTANDING AND A TOTAL MARKET VALUE OF $240,000. EARNINGS BEFORE INTEREST AND TAXES, EBIT, ARE PROJECTED TO BE $28,000 IF ECONOMIC CONDITIONS ARE NORMAL. IF THERE IS STRONG – BUSINESS & FINANCE

Beckett, Inc., has no debt outstanding and a total market value of $240,000. Earnings before interest and taxes, EBIT, are projected to be $28,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 12 percent higher. If...