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O What is the value of an all-equity fim (a) that has a dividend payout ratio of 100 percent, (b) that is expected to generate

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O What is the value of an all-equity fim (a) that has a dividend payout ratio of 100 percent, (b) that is expected to generate net income each year (forever) of $1 million, and (c) that has a required equity return (also the ROE) of 16 percent? The value of the all-equity firm is $ million. (Round to two decimal places.) Enter your answer in the answer box

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