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Suppose you borrow $1,500,000 when financing a coffee shop which is valued at $2,500,000. You expect to generate a cash flow of $3,000,000 at the

Suppose you borrow $1,500,000 when financing a coffee shop which is valued at $2,500,000. You expect to generate a cash flow of $3,000,000 at the end of the year. The cost of debt is 10%. What should the value of the equity be? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, enter 500 as an answer\

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