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The firm faces the statutory 21% flat tax rate. There is no debt in the current liabilities. The firm has 7,506 shares outstanding, which have

The firm faces the statutory 21% flat tax rate. There is no debt in the current liabilities. The firm has 7,506 shares outstanding, which have a current market price of $45.32 per share. You wish to determine the market-value of the firms capital assets. Assume that the market values of the current assets, current liabilities and long-term debt are equal to their book-value. Also, assume that the non-debt long-term liabilities have no market value. Remember to consider the value of the tax shield based on the assumptions of the 1963 Modigliani and Miller relationship. What is the market-value of the firms capital assets? (Show your answer rounded to the nearest dollar, e.g. 459267) image text in transcribed
Market Value Balance Sheet Consider the book-value balance sheet for Musco Inc. for 2022

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