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A company just issued $309000 of perpetual 6% debt and used the proceeds to repurchase stock. The company expects to generate 113000 of EBIT in

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A company just issued $309000 of perpetual 6% debt and used the proceeds to repurchase stock. The company expects to generate 113000 of EBIT in perpetuity. The company distributes all its earnings as dividends at the end of each year. The firm's unlevered cost of capital is 14% and the tax rate is 20%. What is the value of the company as an unlevered firm? Your

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