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Hello, I need help with the following question. ABC Company purchases an investment in Macy's Company...

Hello,

I need help with the following question.

ABC Company purchases an investment in Macy's Company at a purchase price of $2 million cash, representing 30% of the book value of Macys. What is the book value of Macy's at purchase time? I need to know the full equity value of Macys. I am not good with computing using percentages, so please show me how to find the book value of Macys using the percentage computation.

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