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Jellybean Co . expects EBIT of $ 3 0 0 , 0 0 0 every year forever. Jellybean Co . currently has no debt and

Jellybean Co

.

expects EBIT of $

300, 000

every year forever. Jellybean Co

.

currently has no debt and its cost of equity is

17 % .

The firm can borrow at

5 % .

The corporate tax rate is

23 % .

What is the value of the firm? Enter your answer rounded to two decimal places.

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