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Business, 24.03.2020 18:02 Brendah4962
Bassett Fruit Farm expects its EBIT to be $377,000 a year forever. Currently, the firm has no debt. The cost of equity is 13.3 percent and the tax rate is 39 percent. The company is in the process of issuing $2.7 million worth of bonds at par that carry an annual coupon of 6.5 percent. What is the unlevered value of the firm
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Bassett Fruit Farm expects its EBIT to be $377,000 a year forever. Currently, the firm has no debt....
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