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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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