6. You are using the Adjusted Present Value approach to value the Greenside Co., and...
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6. You are using the Adjusted Present Value approach to value the Greenside Co., and you have determined that the value of the unlevered firm is $22,105,137. You calculate the projected interest tax savings to be as follows: Year 1: $250,000 Year 2: $200,000 Year 3: $175,000 Year 4 and thereafter: $150,000 Assuming the cost of debt is 6% and the tax rate is 24%, what is the enterprise value of Greenside? a. $12.4 million b. $22.1 million c. $34.5 million d. None of the above
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