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Grant Corp is operating in a country U where the corporate tax is 40%, personal income tax on bond investment is 27% while the personal

Grant Corp is operating in a country U where the corporate tax is 40%, personal income tax on bond investment is 27% while the personal tax on stock is 20%. If Grant current has $7 million total market value of debt financing, what would be the value of the company of Grant Corp in this country U? Assume the market value of Grant Corp with no financial leverage is $45 million.

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