Graceful Funeral Group expects its earnings before interest and taxes to be $325,000 a year forever. Currently, the firm has no debt. The cost of equity is 19.5 percent and the tax rate is 21 percent. The company is in the process of issuing $3.7 million of bonds at par that carry an annual coupon rate of 6.5 percent. What is the unlevered value of the firm
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Graceful Funeral Group expects its earnings before interest and taxes to be $325,000 a year forever....
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