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firm anticipates a perpetual pre-tax earnings stream of $100,000 and faces 35% corporate tax rate. vestors discount the earnings stream after co rporate taxes at15%.

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firm anticipates a perpetual pre-tax earnings stream of $100,000 and faces 35% corporate tax rate. vestors discount the earnings stream after co rporate taxes at15%. The personal tax rate on equity distributions is 12%, and the personal tax rate on interest is 28%, what is the value of the firm

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