Question: 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

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.

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