Wolfgang can borrow at 71 percent the company currently has


Wolfgang can borrow at 7.1 percent. The company currently has no debt, and the cost of equity is 13.8 percent. The current value of the firm is $595,000. What will the value be if the company borrows $310,000 and uses the proceeds to repurchase shares? The corporate tax rate is 35 percent.

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C/C++ Programming: Wolfgang can borrow at 71 percent the company currently has
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