Question: Cede & Co . expects its EBIT to be $ 9 5 , 0 0 0 every year forever. The firm can borrow at 7

Cede & Co. expects its EBIT to be $95,000 every year forever. The firm can borrow at 7
a. lf the tax rate is 23 percent, what is the value of the firm? (Do not round intermediate
calculations and round your answer to 2 decimal places

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