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The Montana Hills Co. has expected earnings before interest and taxes of $8,100, an unlevered cost of capital of 11 percent, and debt that has

The Montana Hills Co. has expected earnings before interest and taxes of $8,100, an unlevered cost of capital of 11 percent, and debt that has the same face and market value of $12,000. The debt has an annual 8 percent coupon. The tax rate is 34 percent. What is the value of the unlevered firm?

A. $48,600

B.$50,000

C. $52,680

D. $56,667

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