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4 Tatum can borrow at 6.7 percent. The company currently has no debt, and the cost of equity is 12.9 percent. The current value of

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4 Tatum can borrow at 6.7 percent. The company currently has no debt, and the cost of equity is 12.9 percent. The current value of the firm is $595,000. The corporate tax rate is 21 percent. What will the value be if the company borrows $310,000 and uses the proceeds to repurchase shares? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) eBook Comany volu

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