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The Timmins Frozenlands Inc. has expected earnings before interest and taxes of $26,250.00, an unlevered cost of capital of 12%, and a tax rate

The Timmins Frozenlands Inc. has expected earnings before interest and taxes of $26,250.00, an unlevered cost of capital of 12%, and a tax rate of 34%. The company also has $7,500.00 of debt that carries a 8% coupon. The debt is selling at par value. What is the value of this firm?

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