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An all equity firm currently has free cash flows of $80 million a year and a cost of equity of 10%. They will take on

An all equity firm currently has free cash flows of $80 million a year and a cost of equity of 10%. They will take on $30 million of debt and repurchase shares. If the firm only plans to make interest payments, the interest rate is 6% and the tax rate is 21%, what is the value of the levered firm? (5)

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