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Byrd Enterprises has no debt. Its current total value is $ 4 8 . 4 million. Assume debt proceeds are used to repurchase equity. a
Byrd Enterprises has no debt. Its current total value is $ million. Assume debt proceeds are used to repurchase equity.
a Ignoring taxes, what will the company's value be if it sells $ million in debt?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, eg
b Suppose now that the company's tax rate is percent. What will its overall value be if it sells $ million in debt?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, eg
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