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Questions 1. Diy is an unlevered firm that has 5.747 shares outstanding . The corporate tax rate is 21%. It is now considering borrowing $9.111

Questions 1.

Diy is an unlevered firm that has 5.747 shares outstanding . The corporate tax rate is 21%. It is now considering borrowing $9.111 at 9.5% interest to repurchase 1.242 shares . Calculate the value of this unlevered firm.

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