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Question 1 6 pts Stevenson's Bakery is an all-equity firm that has projected perpetual EBIT of $198,000 per year. The cost of equity is 14.1

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Question 1 6 pts Stevenson's Bakery is an all-equity firm that has projected perpetual EBIT of $198,000 per year. The cost of equity is 14.1 percent and the tax rate is 34 percent. The firm can borrow perpetual debt at 5.8 percent. Currently, the firm is considering to borrow $481,228. What is the firm's levered value? $1,174,305 $1,008,617 $834,128 $926,809 $1,090,426 Not saved Submit

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