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AirPlains Corp. is an unlevered firm with a market value of $ 4 5 million. The firm has a tax rate of 3 5 %
AirPlains Corp. is an unlevered firm with a market value of $ million. The firm has a tax rate of The firm plans to replace $ million of its equity with $ million of permanent debt. If it does, however, the present value of financial distress costs have been estimiated to be $ million. What is the value of the levered firm if it goes ahead with this plan?
AirPlains Corp. is an unlevered firm with a market value of $ million. The firm has a tax rate of The firm plans to replace $ million of its equity with $ million of permanent debt. If it does, however, the present value of financial distress costs have been estimiated to be $ million. What is the value of the levered firm if it goes ahead with this plan?
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