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A firm is considering a project that Will generate perpetual after-tax cash flows of $24.500 per year begining next year. The project has the same

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A firm is considering a project that Will generate perpetual after-tax cash flows of $24.500 per year begining next year. The project has the same risk as the firm's overall operations and must be financed extemaly. Equity fotation costs 12 percent and debt issues cost 3 percent on an after-tax bas is. The firm 's D' ratio is 0.5 . What is the most the firm can pay for the project and stil eam its required return? Complete the following analysis. Do not hard code values in your calculations, do not round intermediate calculations, and round your answer to the nearest whole dollar

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