Question: Firm U, which has no debt, is valued at $100 million. An identical firm L is funded with $60 million of debt. If L's corporate

Firm U, which has no debt, is valued at $100 million. An identical firm L is funded with $60 million of debt. If L's corporate tax rate is 30%, according to the MM model with Corporate Taxes, firm L would have a value of:

$ Answer million.

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