Question: why is it taking so long? exon inc is considering a project that will generate perpetual after-tax cash flows of 24,000 per year beginning next

why is it taking so long?

exon inc is considering a project that will generate perpetual after-tax cash flows of 24,000 per year beginning next year. the project has the same risk as to exon's overall operations and must be financed externally. equity flotations cost 12 % and debt issues cost 6 % on an after-tax basis. the firm's d/e ratio is 0.6

Maximum the firm can pay? Thanks for a quick response.

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