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Z Incorporated shares are currently trading for $30 per share. The firm has 1.15 billion shares outstanding. In addition, the market value of the firms

Z Incorporated shares are currently trading for $30 per share. The firm has 1.15 billion shares outstanding. In addition, the market value of the firms outstanding debt is $2 billion. The cost of equity is 10% and cost of debt is 8% and its marginal tax rate, including federal, state, and local taxes is 40%.

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