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A firm currently has no debt (all-equity) and has a total value of ( $ 96 ) million with an unlevered cost of capital of

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A firm currently has no debt (all-equity) and has a total value of \\( \\$ 96 \\) million with an unlevered cost of capital of \11. Suppose the firm wants to recapitalize to include \\( \\$ 43 \\) million of perpetual debt. The return of the newly issued debt is \6 and the corporate tax rate is \29. What is the firm's new dollar value of equity after the recapitalization? Indicate your answer in millions and round to two decimal places. Do not put ' \\( \\$ \\) ' in your response. Your

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