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Mathematics, 29.02.2020 06:20 joelpimentel
17. New Schools expects an EBIT of $100,000 every year forever. The firm currently has no debt, and its cost of equity is 10 percent. The firm can borrow at 6 percent and the corporate tax rate is 20 percent. What will the value of the firm be if it converts to 50 percent debt
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17. New Schools expects an EBIT of $100,000 every year forever. The firm currently has no debt, and...
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