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Dire Straits Trading Co.'s wacc is 8.6%, unlevered cost of capital is 9.8%, and cost of equity is 12.8%. Dire Straits's levered cash flow is
Dire Straits Trading Co.'s wacc is 8.6%, unlevered cost of capital is 9.8%, and cost of equity is 12.8%. Dire Straits's levered cash flow is $5M per year and its unlevered cash flow is $25M per year. What is the value of the firm
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