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You identify a comparable company which has a forward P / E multiple = 2 0 , tax rate = 4 0 % , debt

You identify a comparable company which has a forward P/E multiple =20, tax rate =40%, debt ratio =30%, cost of debt =9%, cost of equity =18%, growth rate =5%, depreciation to sales =4%, and EBITDA to sales margin =10%. Your company is exactly the same as the comparable except your debt ratio =60%, cost of debt =11%, and growth rate =8%. Calculate your companys forward P/E multiple

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