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
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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