You own 25% of Unique Vacations SA.You have decided to retire and want to sell your shares in this closely held, all equity firm.The other shareholders have agreed to have the firm borrow €1.5 million to purchase your 1,000 shares.
What is the total value of this firm today if you ignore taxes?
A) €4.8 million
B) €5.1 million
C) €5.4 million
D) €5.7 million
E) €6.0 million
Correct Answer:
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