Moreno Recruiting is an unlevered firm with an after-tax net income of $35,400, a cost of capital
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Question:
Moreno Recruiting is an unlevered firm with an after-tax net income of $35,400, a cost of capital of 14.1 percent, and a tax rate of 21 percent. What is the value of this firm?
A. $477,643
B. $198,340
C. $168,571
D. $513,043
E. $251,064
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