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Alpha Co reported a profit before interest and tax of $ 3 . 5 million in its most recent accounts. The company is mainly equity
"Alpha Co reported a profit before interest and tax of $ million in its most recent accounts. The company is mainly equity financed, but has a $ million bank borrowing on which it pays per year in interest. The rate of corporate income tax is Assuming that Alpha Co s PE ratio is what is the value of the company s equity?"
$ million
$ million
$ million
$ million
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