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Stevenson's Bakery is an all-equity firm that has projectedperpetual EBIT of $183,000 per year. The cost of equity is 13.1percent and the tax rate is

Stevenson's Bakery is an all-equity firm that has projectedperpetual EBIT of $183,000 per year. The cost of equity is 13.1percent and the tax rate is 21 percent. The firm can borrowperpetual debt a 2 answers

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