10. Kau is an all-equity firm with a current cost of equity of 15.6%. The estimated earnings before interest and taxes are $236890 annually forever. Currently, the firm has no debt but is in the process of borrowing $356000 at 11.5% interest. The tax rate is 23.5%. What is the value of the unlevered firm? A. $356,000 B. $236,890 C. $1,518,525 D. $1,161,672 11. Matana has 1,400,500 shares outstanding at a price per share of $32.40. The firm has decided to repurchase 50,000 of those shares in the open market. What will the price per share be after the share repurchase is completed? Ignore taxes and market imperfections. A. $33.59 B. $30.86 C. $32.40 D. $32.00