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A company has 700,000 shares of stock outstanding that sell for $14.75 per share. The company has a beta of 1.35. Assume the risk-free rate

A company has 700,000 shares of stock outstanding that sell for $14.75 per share. The company has a beta of 1.35. Assume the risk-free rate is 4%, the market risk premium is 6%, and the corporate tax rate is 30%. What is the market value of this companys equity?

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