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Suppose Coodyear Tire and Rubber Compary is considering divesting one of ats manufacturing plants. The plant is expected to gonerate frese cash flown of $1.69

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Suppose Coodyear Tire and Rubber Compary is considering divesting one of ats manufacturing plants. The plant is expected to gonerate frese cash flown of $1.69 million per year, growing at a ratio 2.5% per yeac. Goodyoar has an equily coot of capital of 8.3\%, a debt cost of cepital of 6.8%. a marginal corporate tax rate of 33%, and a debt-equity ratio of 2.7 . If the plant has averege risk and Goodyear plans to mainain a constart debtequity ratio, what after-tax amount must it recelve for the plant for the Givestiture to be peofiable? A divestiture would be protitabie if Goodyear received more than \& milion after tax. (Round to one decimal place.)

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