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DIY is an unlevered firm that has 5,200 shares outstanding. The corporate tax rate is 24%. It is now considering borrowing $8,165 at 9.4% interest

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DIY is an unlevered firm that has 5,200 shares outstanding. The corporate tax rate is 24%. It is now considering borrowing $8,165 at 9.4% interest to repurchase 1,336 shares. Calculate the value of this unlevered firm

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