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A company expects its earnings before interest and taxes to be $9,100 every year forever. The firm can borrow at 9 percent. The company currently

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A company expects its earnings before interest and taxes to be $9,100 every year forever. The firm can borrow at 9 percent. The company currently has no debt and its cost of unlevered equity is 13 percent. The tax rate is 22 percent. What is the value of the firm? Enter your answer in the box shown below as dollars with 2 digits to the right of the decimal point. Your

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