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Shepard Industries expects free cash flow of $10 million each year.Shepard's corporate tax rate is 21%,and its unlevered cost of equity is 10%.The firm also has outstanding debt of $40 million and it expects to maintain amount of debt permanently.
-The value of Shepard Industries without leverage is closest to:
Materials Task
A methodological approach in cognitive or developmental psychology that involves manipulating physical materials to assess cognitive processing or learning outcomes.
Years of Schooling
The total number of years that an individual has spent in formal education.
Inductive Reasoning
Reasoning that involves drawing conclusions that are suggested but are not necessarily true.
Deductive Reasoning
Drawing conclusions from only the given premises.
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