Question: M&M and Taxes [LO2]Fields & Co. expects its EBIT to be $125,000 every yearforever. The firm can borrow at 7 percent. The company currentlyhas no

M&M and Taxes [LO2]Fields & Co. expects its EBIT to be $125,000 every yearforever. The firm can borrow at 7 percent. The company currentlyhas no debt, and its cost of equity is 12 percent. 2 answers

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