What is the value of milton industries without leverage


Milton Industries expects free cash flow of $6 million each year. ? Milton's corporate tax rate is 35%?, and its unlevered cost of capital is 15%. Milton also has outstanding debt of $12.81 million, and it expects to maintain this level of debt permanently.

a. What is the value of Milton Industries without? leverage?

b. What is the value of Milton Industries with? leverage?

a. What is the value of Milton Industries without? leverage?

The value of Milton Industries without leverage is $ million. ? (Round to two decimal places.)

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