Find the value of Caspian Sea Corp. assuming corporate taxes: ke=9.7% kd=5% It currently has no debt
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Question:
Find the value of Caspian Sea Corp. assuming corporate taxes:
ke=9.7%
kd=5%
It currently has no debt
EBIT=$2m
T=40%
Show your answer in millions notation to two decimal places. (i.e., $500,000 would be 0.50.)
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