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Finally, based on Miller's first story, suppose that most stockholders can avoid taxes on stock returns. So, the bondholders pay taxes at 37%, the stockholders

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Finally, based on Miller's first story, suppose that most stockholders can avoid taxes on stock returns. So, the bondholders pay taxes at 37%, the stockholders pay at 0%, and the the corporate rate is 21%. According to Miller's model, what will be the value of the relevered firm with the $5,000 in debt? (Round your answer to the nearest dollar, e.g. 42755) Numeric Response

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