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The Bellwood Company is financed entirely with equity. The company is considering a loan of $ 5 . 1 million. The loan will be repaid

The Bellwood Company is financed entirely with equity. The company is considering a loan of $ $5.1$ million. The loan will be repaid in equal principal installments over the next two years and has an interest rate of $9$ percent. The companys tax rate is $25$ percent. According to MM Proposition I with taxes, what would be the increase in the value of the company after the loan?

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