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3. The firm is an all-equity firm with assets worth $350 million and 100 million shares outstanding. It plans to borrow $100 million and use

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3. The firm is an all-equity firm with assets worth $350 million and 100 million shares outstanding. It plans to borrow $100 million and use these funds to repurchase shares. The fim's marginal corporate tax is 21%, and it plans to keep its outstanding debt equal to $100 million permanently. If the fim manages to repurchase shares at $4 per share, what is the per share value of equity for the leveraged firm? $4 per A) B) share $3.71 per share $3.61 per share $3.5 per share $2.71 per share D) E)

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