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Right now Blue and White Taxis is an all equity financed corporation worth 88 million dollars. The company's CFO wants to change the company's capital

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Right now Blue and White Taxis is an all equity financed corporation worth 88 million dollars. The company's CFO wants to change the company's capital structure so the company is 52% debt financed. Assuming there is no tax shield of debt, how much will Blue and White Taxis' equity be worth after implementing this new capital structure? (Enter your answer in millions. i.e. 5.5 million, not 5,500,000 ) QUESTION 14 Which of the following are reasons that the Modigliani-Miller Theories might not hold in practice? (Select all that apply.) Debt and equity recieve differing tax treatments The firm has private information about its future prospects The cost of debt is lower than the cost of equity Investors may disagree about a company's future potential Changing capital structure is not costless

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