The current value of a firm is $303,490 and it is 100% equity financed. The firm is considering restructuring so that it is 18% debt financed.  If the firm's corporate tax rate is 35%, what will be the new value of the firm under the MM theory with corporate taxes but no possibility of bankruptcy.

Round to answer to two decimals.

Answer rating: 100% (QA)

According to the ModiglianiMiller MM theory with corporate taxes the new value of the firm can be ca... View the full answer