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A Swedish fishery's EBIT is $90,000,000 yearly in perpetuity under a 10% tax rate. Unlevered cost of capital is 11% and cost of debt is
A Swedish fishery's EBIT is $90,000,000 yearly in perpetuity under a 10% tax rate. Unlevered cost of capital is 11% and cost of debt is 6%. It is funded by $210,000,000 debt and the rest equity. Calculate firm value while considering tax shield.
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