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The following information has been presented to you about then Gleason Corporation, in million (except price and EPS). The company has no growth opportunities (

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The following information has been presented to you about then Gleason Corporation, in million (except price and EPS). The company has no growth opportunities ( g=0 ), so the company pays out all of its earnings as dividends (EPS = DPS). The consultant believes that if the company moves to a capital structure financed with 40% debt and 60% equity (based on market values) that the cost of equity will increase to 11% and that the pre-tax cost of debt will be 9%. If the company makes this change, what would be the total market value (in millions) of the firm

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