Reefer Trucking Inc. is an all-equity firm that generates EBIT of$3 million annually in perpetuity(starting in one
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Reefer Trucking Inc. is an all-equity firm that generates EBIT of$3 million annually in perpetuity(starting in one year). Reefer shareholders require a return of 11%, and the corporate tax rate is 35%. What is the market value of Reefer Trucking?
answer is: 17.73M - how do you get to the answer?
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