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University Center Co . currently has EBIT of $ 5 0 , 0 0 0 and is all equity financed. EBIT is expected to stay

University Center Co

.

currently has EBIT of $

50, 000

and is all equity financed. EBIT is expected to stay at this level indefinitely. The firm pays corporate taxes equal to

38 %

of taxable income. The cost of equity for this firm is

19 % .

What is the market value of the firm? Enter your answer rounded to two decimal places.

Number

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