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Business, 22.08.2019 22:30 tierann3050

Kline construction is an all-equity firm that has projected perpetual earnings before interest and taxes of $879,000. the current cost of equity is 18.3 percent and the tax rate is 34 percent. the company is in the process of issuing $6.2 million of 8.5 percent annual coupon bonds at par. what is the levered value of the firm

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