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x-x XX is an all equity firm that has 600,000 shares of stock outstanding. The company is in the process of borrowing $10 million at

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XX is an all equity firm that has 600,000 shares of stock outstanding. The company is in the process of borrowing $10 million at 9% interest to repurchase 500,000 shares of the outstanding stock. What is the value of this firm after the capital structure changes if firm pays no iu? 511.2 million $16.8 million $12 million $16 million $12.6 million

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