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Question 24 (1 point) A company has an EBIT of $4,290 in perpetuity. The unlevered cost of capital is 15.50%, and there are 24,270 common

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Question 24 (1 point) A company has an EBIT of $4,290 in perpetuity. The unlevered cost of capital is 15.50%, and there are 24,270 common shares outstanding. The company is considering issuing $9,410 in new bonds at par to add financial leverage. The proceeds of the debt issue will be used to repurchase equity. The YTM of the new debt is 10.60% and the tax rate is 31%. What is the value of the firm after the restructuring? $21,464 $22,015 $22,565 $23,115 $23,666

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