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1. The JJ. Binks Company is an all equity firm. It expectsperpetual earnings before interest and taxes (EBIT) of $120 millionper year. Its equity required

1. The JJ. Binks Company is an all equity firm. It expectsperpetual earnings before interest and taxes (EBIT) of $120 millionper year. Its equity required return is 15%. The firm is subject toa 25% 2 answers

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