Emma International has an EBIT of $35 million,debt with a market value of $30 Million and a required return on assets of 13%.Assuming no taxes,what is the firm 's value?
A) $269,230,769
B) $230,769,231
C) $265,769,231
D) $161,538,462
Correct Answer:
Verified
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A) was developed by Fair
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