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Please help me with this question. Help me understand and show your work. Thank you 19. MM Proposition I with Taxes The Bellwood Company is

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Please help me with this question. Help me understand and show your work. Thank you

19. MM Proposition I with Taxes The Bellwood Company is financed entirely with equity. The company is considering a loan of $3.1 million. The loan will be repaid in equal installments over the next two years and has an interest rate of 8 percent. The company's tax rate is 24 percent. According to MM Proposition I Page 516 with taxes, what would be the increase in the value of the company after the loan

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