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Andris Industries currently has no debt, Revenue of $12.7 million and Operating Expenses of $10.7...

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Accounting

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Andris Industries currently has no debt, Revenue of $12.7 million and Operating Expenses of $10.7 million. The tax rate is 30%. The risk free rate is 5.7%, the market risk premium is 6%, and Adris's beta is 0.6. If Andris plans to add $8 million of permanent debt with an interest rate of 7.1% and use the money to repurchase shares, what is the levered value of the company? Please enter your answer in millions of dollars to two decimal places (no commas or dollar signs). For example, enter $98,765,432.10 as 98.76

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