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. Ch. 16: The Moonlight Company expects perpetual earnings before interest and taxes (EBIT) of $4 million per year. The firm's after-tax all-equity discount rate

. Ch. 16: The Moonlight Company expects perpetual earnings before interest and taxes (EBIT) of $4 million per year. The firm's after-tax all-equity discount rate ro is 15%. Moonlight is subject to a...

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