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Marcus Corporation is currently all equity financed and has a value of $95 million. Investors currently require a return of 17.2 percent on common stock.

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Marcus Corporation is currently all equity financed and has a value of $95 million. Investors currently require a return of 17.2 percent on common stock. Marcus has a marginal tax rate of 40 percent. Marcus plans to issue $35 million of debt with a return of 9 percent and use the proceeds to repurchase common stock. What will be the value of the firm after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below. 109 Correct response: 109million Given that the value of the firm after the debt issue will be $109 million, what will be the value of the equity after the debt issue? Please state your answer in millions rounded to two decimal places. Enter your response below. Number million

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