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BBC is an all equity-financed firm and its firm value is $226,169. It plans to...

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BBC is an all equity-financed firm and its firm value is $226,169. It plans to borrow $67,147 perpetual debt at 7% to buy back shares. The corporate tax rate is 35%. If the present value of financial distress costs associated with the debt financing is $18,858, what is the firm value after the recapitalization

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