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27. Bethlehem Steel has an expected EBIT of $85,000 in perpetuity and a tax rate of 35 percent. The firm has 130,000 in outstanding debt
27. Bethlehem Steel has an expected EBIT of $85,000 in perpetuity and a tax rate of 35 percent. The firm has 130,000 in outstanding debt at an interest rate of 7.5 percent, and its unlevered cost of capital is 13 percent. What is the value of the firm according to M&M Proposition I with taxes? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Value of the firm
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