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A Company expects EBIT of $10 million each year. Corporate tax rate is 20%. unlevered cost of equity is 10%. Company has $40 million debt

A Company expects EBIT of $10 million each year. Corporate tax rate is 20%. unlevered cost of equity is 10%. Company has $40 million debt outstanding and expects to maintain its debt permanantly. what is the value of the company?

A. $10 million

B.$100 million

C. $80 million

D. $88 million

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