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Please answer clearly and accurate Tool Manufacturing has an expected EBIT of $99,000 In perpetulty and a tax rate of 23 percent. The firm has

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Tool Manufacturing has an expected EBIT of $99,000 In perpetulty and a tax rate of 23 percent. The firm has $275,000 in outstanding debt at an interest rate of 6.1 percent, and Its unlevered cost of capltal is 11.9 percent. What is the value of the firm according to M&M Proposition I with taxes? (Do not round Intermediete calculations and round your answer to 2 declmal places, e.g 32.16.) Value of the firm

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