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A firm currently has no debt and the firm value is $680,304. The corporate tax rate is 36 percent. What is the new value of
A firm currently has no debt and the firm value is $680,304. The corporate tax rate is 36 percent. What is the new value of the firm if it borrows $134,063 and uses the proceeds to repurchase shares? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.
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