ABC Company is an all-equity firm with a market value of $180,642. The company can borrow money at 11.6%. If the company borrows $22,109, what is the new value of the firm? Assume a tax rate of 16.4%. Enter your answer rounded off to two decimal points.

Answer rating: 100% (QA)

The new value of the firm would be 160533 To calculate the new v... View the full answer