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Question 10 (Mandatory) (10 points) Powerade will invest $50 million in a project that will be funded completely by debt initially. Subsequent to year 0

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Question 10 (Mandatory) (10 points) Powerade will invest $50 million in a project that will be funded completely by debt initially. Subsequent to year 0 , the company's debt outstanding and free cash flows are given below: Cost of debt for the firm is 8%, the tax rate is 40%. The levered cost of equity for he project is 20.55%. Use the FTE method to calculate the project's equity value

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