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Consider a perfect world with taxes only. KN&J expects its FCF to be $ 2 , 0 0 0 every year forever. The company currently

Consider a perfect world with taxes only. KN&J expects its FCF to be $2,000 every year forever. The company currently has no debt but can borrow at 7.4% while its current cost of equity is 14.8%. The tax rate is 22%. What will be the value of the company if it borrows $6,000 and uses the loan proceeds to repurchase shares?
(Round your answer to the nearest integer)
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