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. ABC Inc. is an all equity firm that has 80,000 shares of stock outstanding. The company considering of borrowing $600,000 at 9% interest to

. ABC Inc. is an all equity firm that has 80,000 shares of stock outstanding. The company considering of borrowing $600,000 at 9% interest to repurchase 12,000 shares of the outstanding stock. What is the value of this firm if we ignore taxes

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