Question: Fields & Company expects its EBIT to be $ 1 0 3 , 0 0 0 every year forever. The company can borrow at 7
Fields & Company expects its EBIT to be $ every year forever. The company can borrow at percent. The company currently has no debt and its cost of equity is percent.a If the tax rate is percent, what is the value of the company? Do not round intermediate calculations and round your answer to decimal places, egb What will the value be if the company borrows $ and uses the proceeds to repurchase shares? Do not round intermediate calculations and round your answer to decimal places, eg
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