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Michaels equity using the adjusted preseit value lle Company has an annual cash flow of $225,000, which is expected to continue and the market value

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Michaels equity using the adjusted preseit value lle Company has an annual cash flow of $225,000, which is expected to continue and the market value of its debt is 6. The Jones forever. Jones, unlevered cost of equity is 10% $500,000. There are no nonoperating net assets. Assume . 1496. a. What is the value of Jones Company's equity? b. What is the weighted-average cost of capital

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