Ortiz, Incorporated, is currently valued at $145,700 in a boom and $75,200 in a recession....
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Accounting
Ortiz, Incorporated, is currently valued at $ in a boom and $ in a recession. The chance of either economic state occurring is percent. The firm owes $ to its debtholders. What is the value of the firm to the shareholders in a recession?
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$
$
$
$
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