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12. Assuming perpetual cash flows as in M&M's Case II, what is the value of the levered equity for a firm with the following: EBIT

12. Assuming perpetual cash flows as in M&M's Case II, what is the value of the levered equity for a firm with the following: EBIT = $100 million, tax rate = 35%, debt = $150 million, cost of debt = 8%, unlevered cost of capital = 12%?

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