18A company has an EBIT of $4,635 in perpetuity. The unlevered cost of capital is 16.22%, and there are 26,490 common shares outstanding. The company is considering issuing $10,160 in new bonds at par to add financial leverage. The proceeds of the debt issue will be used to repurchase equity. The YTM of the new debt is 11.29% and the tax rate is 34%. What is the value of the firm before the restructuring?