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The Montana Hills Co. has expected earnings before interest and taxes of $17,100, an unlevered...

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Finance

The Montana Hills Co. has expected earnings before interest and taxes of $17,100, an unlevered cost of capital of 12.4 percent, and debt with both a book and face value of $25,000. The debt has an annual 6.2 percent coupon. If the tax rate is 21 percent, what is the value of the firm?

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