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Charloteville Corp.(CC) expects its EBIT to be $120,000 every year indefinitely. The firm can borrow at 12%; however, it currently has no debt and its
Charloteville Corp.(CC) expects its EBIT to be $120,000 every year indefinitely. The firm can borrow at 12%; however, it currently has no debt and its cost of equity is 18%. If the tax rate is 40%, wh...
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
5th edition
1285425758, 978-1305333468, 1305333462, 978-1285425757
