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Ancaster Corners currently has debt with both a face and a market value of $ 8 , 0 0 0 with a coupon rate of

Ancaster Corners currently has debt with both a face and a market value of $8,000 with a coupon rate of 11%. The firm's projected EBIT is $6,500. Ancaster Corners has a tax rate of 35%, and its unlevered cost of capital is 17%. What is the firm's levered value of equity?

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