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Edwards Construction currently has debt outstanding with a market value of $ 3 7 0 , 0 0 0 and a cost of 6 percent.

Edwards Construction currently has debt outstanding with a market value of $

370, 000

and a cost of

6

percent. The company has an EBIT of $

22, 200

that is expected to continue in perpetuity. Assume there are no taxes.

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