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Oxley Outlets is an all-equity firm that has 360,000 shares of stock outstanding. The company has decided to borrow the $2.5 million to repurchase 125,000

Oxley Outlets is an all-equity firm that has 360,000 shares of stock outstanding. The company has decided to borrow the $2.5 million to repurchase 125,000 shares of its outstanding stock. What is the total market value of the firm if you ignore taxes? Select one: o a. $6,850,000 b. $7,200,000 c. $8,500,000 d. $8,387,700 e. $2,725,000

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