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Business, 22.08.2019 22:30 whocares1234

Jericho snacks is an all-equity firm with estimated earnings before interest and taxes of $826,000 annually forever. currently, the firm has no debt but is considering borrowing $650,000 at 6.75 percent interest. the tax rate is 34 percent and the current cost of equity is 17.2 percent. what is the value of the levered firm

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