Mackinnon Co. currently has EBIT of $43,000 amd is all equity financed. EBIT is expected to stay

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Mackinnon Co. currently has EBIT of $43,000 amd is all equity financed. EBIT is expected to stay at this level indefinetly. the firm pays corporate taxes equal to 20% of taxable income. the cost of equity for this firm is 19%.

what is the market value of the firm?

Related Book For answer-question

Fundamentals of Corporate Finance

ISBN: 978-1260566093

10th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Posted Date: Jul 25, 2023 01:55 AM

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Mackinnon Co. currently has EBIT of $43,000 amd is all equity financed. EBIT is expected to stay

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Fundamentals of Corporate Finance

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