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Eccles Inc., a zero growth firm has an unlevered value ( Vu ) of $ 4 3 7 , 5 0 0 . Eccles uses

Eccles Inc., a zero growth firm has an unlevered value (Vu) of $437,500.Eccles uses $500,000 of debt, and has a corporate tax rate of 30%. What is the value of the firm according to MM with corporate taxes (VL)?

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