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Hanover Tech is currently an all - equity firm that has 6 3 0 , 0 0 0 shares outstanding with a market price of
Hanover Tech is currently an allequity firm that has shares outstanding with a market price of $ a share. The current cost of equity is percent and the tax rate is percent. The firm is considering adding $ million of debt with a coupon rate of percent to its capital structure. The debt will be sold at par value. What is the levered value of equity that is value of equity if the debt is included
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