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13. The White Castle Co. has expected earnings before interest and taxes of $8,100, an unlevered cost of capital of 11%, and debt with both

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13. The White Castle Co. has expected earnings before interest and taxes of $8,100, an unlevered cost of capital of 11%, and debt with both a book and market value of $12,000. The debt has an annual 8% coupon. The tax rate is 34%. What is the value of the firm? A. $48,600 B. $50,000 L $52,680 D. $50,007 E. $00,000

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