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The value of an unlevered firm is equal to: EBIT + (1 T C )] / R U . [EBIT (1 T C )] /
The value of an unlevered firm is equal to:
EBIT + (1 TC)] / RU. | ||
[EBIT (1 TC)] / RU. | ||
VL + TC D. | ||
VL (TC / D). |
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