Question: solve without excel and show all calculations Q.3 Set. (B) The values for the two firms X and Y in accordance with the traditional theory

solve without excel and show all calculations solve without excel and show all calculations Q.3 Set. (B) The values

Q.3 Set. (B) The values for the two firms X and Y in accordance with the traditional theory are given below: [10 Marks] Compute the values for firms X and Y as per the MM hypothesis. Assume that (i) corporate income taxes do not exist, and (ii) the equilibrium value of average cost of capital (WACC) is 12.5 per cent

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