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You own 25 percent of Unique Vacations, Inc. You have decided to retire and want to sell your shares in this closely held, all-equity firm.
You own 25 percent of Unique Vacations, Inc. You have decided to retire and want to sell your shares in this closely held, all-equity firm. The other shareholders have agreed to have the firm borrow $1.5 million to purchase your 1,000 shares of stock. What is the total value of this firm if you ignore taxes?
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$5.7 million
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$5.4 million
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$4.8 million
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$5.1 million
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$6.0 million
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