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Tool Manufacturing has an expected EBIT of $36.000 in perpetuity, and a tax rate of 36 percent. The firm has $64,000 in outstanding debt at
Tool Manufacturing has an expected EBIT of $36.000 in perpetuity, and a tax rate of 36 percent. The firm has $64,000 in outstanding debt at an interest rate of 11 percent, and its unlevered cost of capital is 12 percent. The value of the leverage firm (VL ) is $ according to M\&M Proposition I with taxes. (Do not include the dollar sign (S). Round your answer to 2 decimal places. (e.g., 32.16))
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The Evolution Of Nordic Finance
Authors: Steffen Elkiær Andersen
2011th Edition
0230241557, 978-0230241558
