Tool Manufacturing has an expected EBIT of $ 34,000 in perpetuity and a tax rate...
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| Tool Manufacturing has an expected EBIT of $ 34,000 in perpetuity and a tax rate of 32 percent. The firm has $ 65,000 in outstanding debt at an interest rate of 10 percent, and its unlevered cost of capital is 16 percent. The value of the firm is ___$ according to MM Proposition I with taxes. (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)) |
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