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ABC Company is an all - equity firm with a market value of $ 3 9 0 , 7 8 0 . The company can

ABC Company is an all

-

equity firm with a market value of $

390, 780 .

The company can borrow money at

3.9 % .

If the company borrows $

38, 125,

what is the new value of the firm? Assume a tax rate of

19.5 % .

Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.

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