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Stevenson's Bakery is an all-equity firm that has projected perpetual EBIT of $153,000 per yeor. The cost of equity is 11.1 percent and the tax

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Stevenson's Bakery is an all-equity firm that has projected perpetual EBIT of $153,000 per yeor. The cost of equity is 11.1 percent and the tax rate is 34 percent. The firm can borrow perpetual debt at 6.1 percent. Currently, the firm is considering taking on debt equal to 63 percent of its unlevered value. What is the firm's levered value? Multiple Choice $1,007,162 5909730 \$1.189,563 51104.594 5818757

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