Tool manufacturing has expected ebit

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Reference no: EM131349176

Tool Manufacturing has an expected EBIT of $38,000 in perpetuity, and a tax rate of 31 percent. The firm has $69,000 in outstanding debt at an interest rate of 11 percent, and its unlevered cost of capital is 16 percent. The value of the firm is $ _____________ according to M&M Proposition I with taxes.

(Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM131349176

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