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Calvert Corporation expects an EBIT of $19,750 every year forever. The company currently has no debt, and its cost of equity is 14.0 percent. The

Calvert Corporation expects an EBIT of $19,750 every year forever. The company currently has no debt, and its cost of equity is 14.0 percent. The company can borrow at 8.5 percent and the corporate tax rate is 40. a. What is the current value of the company?

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