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Consider a firm with an EBIT of $563,000. The firm finances its assets with $1,130,000 debt (costing 5.7 percent and is all tax deductible) and

Consider a firm with an EBIT of $563,000. The firm finances its assets with $1,130,000 debt (costing 5.7 percent and is all tax deductible) and 213,000 shares of stock selling at $12.00 per share. The...

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