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Dakota Co. has expected earnings before interest and taxes of $37,800, an unlevered cost of capital of 12.2 percent, debt with a coupon rate of
Dakota Co. has expected earnings before interest and taxes of $37,800, an unlevered cost of capital of 12.2 percent, debt with a coupon rate of 5.6 percent, and both a book and face value of $24,000. The tax rate is 35 percent. What is the value of the firm?
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