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Dupuis can borrow at 8.75 percent. Dupuis currently has no debt, and the cost of equity is 13.5 percent. The current value of the firm

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Dupuis can borrow at 8.75 percent. Dupuis currently has no debt, and the cost of equity is 13.5 percent. The current value of the firm is $637,000. The corporate tax rate is 35 percent.Required: What will the value be if Dupuis borrows $214,000 and uses the proceeds to repurchase shares?Value of the firm $

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