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A firm has a 3 0 % chance of producing $ 1 1 5 in cash flows next year, and a 7 0 % chance

A firm has a 30% chance of producing $115 in cash flows next year, and a 70% chance of producing $200 in cash flows. Assume risk neutrality and a cost of capital of 8%. What is the value of the firm if debt has a face value of $60?
255.00
236.11
161.57
174.50
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