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We are in a world with NO corporate tax, Lead Genius is an all-equity firm that has 459,000. shares of stock outstanding. The company is
We are in a world with NO corporate tax, Lead Genius is an all-equity firm that has 459,000. shares of stock outstanding. The company is in the process of borrowing $ 2.6 million at 6.2% interest to repurchase 135,000 shares of the outstanding stock. What is the value of this firm in MILLION dollars if you ignore taxes? (Format and round to MILLION dollars with two decimals, for example, if your answer is $1,250,000, enter as 1.25 without 'M' or S sign)
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