What is the value of company-shoes company

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Shoes Company has expected earnings before interest and taxes of $54,200, an unlevered cost of capital of 15.1 percent, and a combined tax rate of 30 percent. The company also has $12,000 of debt that carries a coupon rate of 7 percent. The debt is selling at par value. What is the value of this company?

Reference no: EM132466986

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