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Rozanski Co. currently has EBIT of $33,000 and is all equity financed. EBIT are expected to grow at a rate of 5% per year. The

Rozanski Co. currently has EBIT of $33,000 and is all equity financed. EBIT are expected to grow at a rate of 5% per year. The firm pays corporate taxes equal to 28% of taxable income. The cost of equity for this firm is 18%.

What is the market value of the firm? Enter your answer rounded to two decimal places.

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