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Under MM theory, assuming an unlevered firm is with $2 million value. The firm is considering going into $1 million debt and uses the money

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Under MM theory, assuming an unlevered firm is with $2 million value. The firm is considering going into $1 million debt and uses the money from debt financing to repurchase stocks. Corporate tax rate =20%. What is the levered firm's value after recapitalization? 2.3 2.1 2.4

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