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23. OldTown Brewery has expected earnings before interest and taxes (EBIT) of $125,000 every year forever. The company has an unlevered cost of capital of

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23. OldTown Brewery has expected earnings before interest and taxes (EBIT) of $125,000 every year forever. The company has an unlevered cost of capital of 20 percent, and a tax rate of 35 percent. The company also has $23,000 of debt. What is the value of this company? A. $429,250 B. $414,300 C. $406,250 D. $357,1434 E. None of the above

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