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Palmer Tech currently has no debt, and its cost of equity is 12.8%. The company expects its EBIT to be 357000 a year forever. The

Palmer Tech currently has no debt, and its cost of equity is 12.8%. The company expects its EBIT to be 357000 a year forever. The tax rate is 39 percent. The company is planning to issue 2.8 million worth of bonds at par that carry an annual coupon of 6.4%. What is the unlevered value of the firm

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