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Homework: 3 Chapter 16 Homework Question 4, P16-14 (simil... Part 1 of 2 HW Score:...

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Homework: 3 Chapter 16 Homework Question 4, P16-14 (simil... Part 1 of 2 HW Score: 33.33%, 3 of 9 point Score: 0 of 1 Modigliani and Miller's world of taxes. Roxy Broadcasting was originally an all-equity firm with a before-tax value of $10,000,000. Roxy now pays taxes at a 30% rate. What is the value of Roxy under the 20/80 debt-to-equity capital structure? Under the 80/20 capital structure

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