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At the end of year t, company C's book values of net assets and net debt are 1,000 and 700, respectively. The analyst expects

At the end of year t, company C's book values of net assets and net debt are 1,000 and 700, respectively. The analyst expects that after year t+3 net profit will be 0 and the book values of net assets and net debt will remain constant (i.e., at their year t+3 levels). Company C's cost of equity is 10 percent. Under these assumptions, the analyst's estimate of company C's equity value at the end of yeart is?

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