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Stevenson's Bakery is an all - equity firm that has projected perpetual EBIT of $ 1 5 9 , 0 0 0 per year. The
Stevenson's Bakery is an allequity firm that has projected perpetual EBIT of $ per year. The cost of equity is percent and the tax rate is percent. The firm can borrow perpetual debt at percent. Currently, the firm is considering taking on debt equal to percent of its unlevered value. What is the firm's levered value?
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