Question: A firm is considering a project that will generate perpetual after-tax cash flows of $22,500 beginning next year. The project has the same risk as

 A firm is considering a project that will generate perpetual after-tax

A firm is considering a project that will generate perpetual after-tax cash flows of $22,500 beginning next year. The project has the same risk as the firm's overall operations a externally. Equity flotation costs 13 percent and debt issues cost 3 percent on an after-tax basis. The firm's D/E ratio is 0.8 per year nd must be financed What is the most the firm can pay for the project and still earn its required return? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) nrl net nart who Maximum the firm can pay

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