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Boer Ltd has a capital structure of R250 000 in equity, and R350 000 in perpetual debt. The firm's cost of equity is 16% and

Boer Ltd has a capital structure of R250 000 in equity, and R350 000 in perpetual debt. The firm's cost of equity is 16% and the cost of debt is 10%. If the firm has an expected, perpetual net operating income of R250 000, and a marginal tax rate of 40%, what is the market value of the firm? Assume all income is paid out as dividends

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