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Firm Valuation Through Excess Returns Approach - The incorporation of XYZ Inc. was completed through the raising of funds. These funds include net proceeds from
Firm Valuation Through Excess Returns Approach - The incorporation of XYZ Inc. was completed through the raising of funds. These funds include net proceeds from debt and from equity at P5,000,000 and P20,000,000 respectively. The aftertax costs of debt and of equity are 9% and 15% in order. If the actual return of XYZ is forecasted to be 17% annually over the firms 10year life, compute the firm value
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