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Business, 27.08.2019 00:20 AHSYEDAN

Show all work in excelgreat lakes shipping is an all-equity firm with anticipated earnings before interest and taxes of $439,000 annually forever. the present cost of equity is 16.4 percent. currently, the firm has no debt but is considering borrowing $1.25 million at 8.5 percent interest. the tax rate is 36 percent. what is the value of the levered firm? $2,163,171$2,818,181$2,406,519$2,66 6,667$2,588,547

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