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10 Cornerstone Corporation expects an EBIT of $25,100 every yeal forever. The company currently has no debt, and its cost of equity is 15 percent.

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Cornerstone Corporation expects an EBIT of $25,100 every yeal forever. The company currently has no debt, and its cost of equity is 15 percent. The company can borrow at 10 percent and the corporate tax rate is 21 percent. a. What is the current value of the company? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b-1. What will the value of the firm be if the comphiny takes on debt equal to 50 percent of its unlevered value? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b-2. What will the value of the firm be if the company takes on debt equal to 100 percent of its unlevered value? Note: Do not round intermediate colculations and round your answer to 2 decimal places, e.g., 32.16. c-1. What will the value of the firm be if the company takes on debt equal to 50 percent of its levered value? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c2. What will the value of the firm be if the company takes on debt equal to 100 percent of its levered value? Note: Do not round intermediate colculations and round your answer to 2 decimal places, e.g., 32.16. \begin{tabular}{|l|l|} \hline a. Company value & \\ \hline b-1. Company value \\ \hline b-2. Company value & \\ \hline c-1. Company value & \\ \hline c-2. Company value & \\ \hline \end{tabular}

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