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Tool Manufacturing has an expected EBIT of $ 6 9 , 0 0 0 in perpetuity and a tax rate of 2 3 percent. The
Tool Manufacturing has an expected EBIT of $ in perpetuity and a tax rate of percent. The firm has $ in outstanding debt at an interest rate of percent, and its unlevered cost of capital is percent. What is the value of the firm according to M&M Proposition I with taxes?
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