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Consider a project with free cash flows in one year of $172,000 or $258,000, with each outcome being equally likely. The initial investment required for

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Consider a project with free cash flows in one year of $172,000 or $258,000, with each outcome being equally likely. The initial investment required for the project is $160,000, and the project's cost of capital is 12.6%. Suppose that to raise the funds for the initial investment, the project is sold to investors as an all-equity firm. The equity holders will receive the cash flows of the project in one year. How much money can be raised in this way-that is, what is the initial market value of the unlevered equity? $203,329.39$197,135.39$190,941.39$184,747.39$178,553.39

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