Multiple Choice
Joe's Leisure Time Sports is an unlevered firm with an after-tax net income of $86,000. The unlevered cost of capital is 10% and the tax rate is 34%. What is the value of this firm?
A) $567,600
B) $781,818
C) $860,000
D) $946,000
E) $1,152,400
Correct Answer:
Verified
Correct Answer:
Verified
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