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Cornerstone Corporation expects an EBIT of $ 2 4 , 5 0 0 every year forever. The company currently has no debt, and its cost
Cornerstone Corporation expects an EBIT of $ every year forever. The company currently has no debt, and its cost of equity is percent. The company can borrow at percent and the corporate tax rate is percent.a What is the current value of the company?Note: Do not round intermediate calculations and round your answers to decimal places, egb What will the value of the firm be if the company takes on debt equal to percent of its unlevered value?Note: Do not round intermediate calculations and round your answers to decimal places, egb What will the value of the firm be if the company takes on debt equal to percent of its unlevered value?Note: Do not round intermediate calculations and round your answers to decimal places, egc What will the value of the firm be if the company takes on debt equal to percent of its levered value?Note: Do not round intermediate calculations and round your answers to decimal places, egc What will the value of the firm be if the company takes on debt equal to percent of its levered value?Note: Do not round intermediate calculations and round your answers to decimal places, eg
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