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your firm maintains constant interest coverage ratio. yearly cash flow= 20 million, yearly interest expense is 5 million, your tax rate is 50% and unlevered
your firm maintains constant interest coverage ratio. yearly cash flow= 20 million, yearly interest expense is 5 million, your tax rate is 50% and unlevered asset beta is =1.1, expecged return is 12% and the risk free rate is 5%. what is your companys levered firm value?
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