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14. The following are the projected cash flows to equity and to the firm over the next five years: (The terminal value is the value
14. The following are the projected cash flows to equity and to the firm over the next five years: (The terminal value is the value of the equity or firm at year 5.) The firm has a cost of equity of 12% and a cost of capital of 9.94%. a. What is the value of the equity in this firm? b. What is the value of the firm
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