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Assume an unlevered firm changes its capital structure to include $1 million in permanent debt at a 7% interest rate.The tax rate is 35%.According to MM I with taxes,the value of the firm will increase by ____ due to this change in its capital structure.
John Stuart Mill
A British philosopher and political economist known for his contributions to liberalism, utilitarianism, and the freedom of speech.
Significant
Having a particular meaning; indicative of something important or of consequence.
Attractive
Possessing features, qualities or characteristics that appeal to aesthetic, physical, or emotional desires.
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A community of people living together in a more or less ordered community, sharing customs, laws, and organizations.
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