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Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows for an all-equity firm) are shown

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Consider a project of the Cornell Haul Moving Company, the timing and size of the incremental after-tax cash flows for an all-equity firm) are shown below in millions 2 3 0 5990 *S125 -$225 $375 +5500 The firm's tax rate is 34 percent; the firm's bonds trade with a yield to maturity of 8 percent, the current and target debt-equity ratio is 3; if the firm were financed entirely with equity, the required return would be 10 percent Using the flow to equityImethodology, what is the value of the equity claim? Multiple Choice --$1,540,000 $446,570,866.00 $36,580,76755 $30.716.23613

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