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Country Markets has an EBIT of $42,650, an increase in net working capital of $2,615, interest expense of $4,300, net capital spending of $3,620, and
Country Markets has an EBIT of $42,650, an increase in net working capital of $2,615, interest expense of $4,300, net capital spending of $3,620, and a tax rate of 34 percent. The firms WACC is 11.2 percent and its growth rate is 3.1 percent. What is the adjusted value of the firm?
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