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Lottadoe and Bigbux are two companies that are identical in every respect except that Lottadoe uses only equity financing while Bigbux relies heavily on debt
Lottadoe and Bigbux are two companies that are identical in every respect except that Lottadoe uses only equity financing while Bigbux relies heavily on debt financingOver the past year, the firms had identical net incomes before interest and taxes were taken into account. If this net income was very high, what would it mean for Bigbux.
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