Question: Marcos & Sons has no debt. Its current total value is $58 million. What will the company's value be if it sells $21 million in

Marcos & Sons has no debt. Its current total value is $58 million. What will the company's value be if it sells $21 million in debt and has a tax rate of 34 %? Assume debt proceeds are used to repurchase equity. Please provide your answer in the rich text box. A $58,220,000 B $60,370,000 C $62,330,000 D $64,560,000 E $65,140,000

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