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Taunton's is an all-equity firm that has 159,500 shares of stock outstanding. The CFO is considering borrowing $335,000 at 6 percent interest to repurchase 28,500

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Taunton's is an all-equity firm that has 159,500 shares of stock outstanding. The CFO is considering borrowing $335,000 at 6 percent interest to repurchase 28,500 shares. Ignoring taxes, what is the value of the firm

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