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Matrix Semiconductors has expected earnings of $100,000 (before interest and taxes) forever, starting in one year. The firm will have $500,000 of debt forever and

Matrix Semiconductors has expected earnings of $100,000 (before interest and taxes) forever, starting in one year. The firm will have $500,000 of debt forever and the debt cost of capital is 5%. Its unlevered cost of capital is 8% and its marginal tax rate is 21%. question: what is the APV?

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