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Bassett Fruit Farm expects its EBIT to be $421,000 a year forever. Currently, the firm has no debt. The cost of equity is 14.4 percent

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Bassett Fruit Farm expects its EBIT to be $421,000 a year forever. Currently, the firm has no debt. The cost of equity is 14.4 percent and the tax rate is 39 percent. The company is in the process of issuing $1.6 million worth of bonds at par that carry an annual coupon of 5.4 percent. What is the unlevered value of the firm? Multiple Choice $1783403 51605,063 52.4481 $1981659 $2,407A03

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