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Find the value of levered equity for this firm. Assume the firm has perpetual cash flows. Use Miller & Modigiiani's Proposition II concerning the cost

Find the value of levered equity for this firm. Assume the firm has perpetual cash flows. Use Miller & Modigiiani's Proposition II concerning the cost of equity. You have the following information about the firm: EBIT = $100 million Tax rate - 35% Debt = $150 million Cost of debt = 8% Unlevered cost of capital = 12%

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