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MacKinnon Co. currently has EBIT of $47,000 and is all equity financed. EBIT is expected to stay at this level indefinitely. The firm pays corporate

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MacKinnon Co. currently has EBIT of $47,000 and is all equity financed. EBIT is expected to stay at this level indefinitely. The firm pays corporate taxes equal to 34% of taxable income. The cost of equity for this firm is 14%. What is the market value of the firm? Enter your answer rounded to two decimal places

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