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Chaney Corp. has an EBIT of $1.4 million per year that is expected to continue in perpetuity. The unlevered cost of equity for the company

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Chaney Corp. has an EBIT of $1.4 million per year that is expected to continue in perpetuity. The unlevered cost of equity for the company is 13%, and the corporate tax rate is 35%. The company also has a perpetual bond issue outstanding with a market value of $2.12 million. What is the value of Chaney? (Round answer to O decimal places. Do not round intermediate calculations)

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