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Suppose that with the $87,000 of debt and no costs to financial distress the firm has a value of $324,880. Suppose, In addition: 1) The

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Suppose that with the $87,000 of debt and no costs to financial distress the firm has a value of $324,880. Suppose, In addition: 1) The debt issue raises the possibility of bankruptcy. 2) The firm has a 21% chance of going bankrupt after 4 years. 3) If it goes bankrupt, it will incur bankruptcy costs of 70,000 . 4) The discount rate is 12%. What is the value of the firm? Enter your answer rqunded to two decimal places. Click "Verily" to proceed

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