Question
donnelly & sons expect its ebit to be $87,000 every year forever the firm can borrow at 6.5%, and has a tax rate of 34%.
donnelly & sons expect its ebit to be $87,000 every year forever the firm can borrow at 6.5%, and has a tax rate of 34%. donnelly currently has no debt, and its cost of equity is 11%. what is the value of the firm?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
