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Disney land expects to EBIT to be $39700 a year forever. Currently, the firm has no debt. The cost of equity is 13.8 percent, and

Disney land expects to EBIT to be $39700 a year forever. Currently, the firm has no debt. The cost of equity is 13.8 percent, and tax rate is 39 percent. The company is in the process of issuing $2.2million worth of bonds at par that carry an annual coupon of 6 percent. What is the unlevered value of the firm?

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