$(3$ points$)$ Tempest Corporation expects an EBIT of $$37,000$ every year forever. The company currently has no debt, and its cost of equity is $11$ percent. The tax rate is $22$ percent.

a$.$ What is the current value of the company?

b$.$ Suppose the company can borrow at $6$ percent. What will the value of the firm be if the company takes on debt equal to $50$ percent of its unlevered value? What if it takes on debt equal to $100$ percent of its unlevered value?

c$.$ What will the value of the firm be if the company take on debt equal to $50$ percent of its levered value? What if the company take on debt equal to $100$ percent of its levered value?