=+Given that another company, Pity plc, was founded with 15m of equity capital five years ago and

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=+Given that another company, Pity plc, was founded with £15m of equity capital five years ago and has paid out all earnings since its foundation and is now worth

(equity and debt) £110m (£90m equity, £20m debt), discuss the problems of using the MVA and the MBR for inter-firm comparison.

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