Question: Burkhart and Mueller has no debt. Its current total value is $9.5 million. What will the company's value be if it sells $4 million in

Burkhart and Mueller has no debt. Its current total value is $9.5 million. What will the company's value be if it sells $4 million in debt and has a tax rate of 21 percent? Assume all debt proceeds are used to repurchase equity.

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