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please answer number 15 LO 1 14. M&M Bird Enterprises has no debt. Its current total value is $47 million. Ignoring taxes, what will the

please answer number 15
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LO 1 14. M&M Bird Enterprises has no debt. Its current total value is $47 million. Ignoring taxes, what will the company's value be if it sells $18.4 million in debt? Suppose now that the company's tax rate is 23 percent. What will its overall value be if it sells $18.4 million in debt? Assume debt proceeds are used to repurchase equity. 15. M&M In the previous question, what is the debt-equity ratio in both cases? LO 1

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