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Assume that we are in a world with NO corporate tax, HeadSpace is an all-equity firm that has 241,500 shares of stock outstanding. The company
Assume that we are in a world with NO corporate tax, HeadSpace is an all-equity firm that has 241,500 shares of stock outstanding. The company is in the process of borrowing $ 1.9 million at 4.9% interest to repurchase 105,000 shares of the outstanding stock. What is the value of this firm in MILLION dollars if you ignore taxes?
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