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Find the levered value of the company

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XYZ Company has Revenue of $13.1 million and Operating Expenses of $9.3 million. It is all-equity ?nanced and has a beta of 0.6. The tax rate is 30%. The risk free rate is 6.3%. The market risk premium is 6%. XYZ plans to add $8 million of permanent debt with an interest rate of 7.1% and use the money to repurchase shares. Find the levered value of the company.

Please enter your answer in MILLIONS of dollars to two decimal places (no commas or dollar signs). For example. enter $98,765,432.10 as 98.76.

Reference no: EM133059652

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