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Modigliani and Millers world of taxes. Roxie broadcasting was originally an all equity firm with a before tax value of $25 million. Roxy now pays
Modigliani and Millers world of taxes. Roxie broadcasting was originally an all equity firm with a before tax value of $25 million. Roxy now pays taxes at a 40% rate what is the value of Roxy under the 25/75 debt to equity capital structure? As well under the 75/25 capital structure?
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