31) L.A. Clothing has expected earnings before interest and taxes of $56,700, an unlevered 31) cost of capital of 16.2 percent, and a tax rate of 35 percent. The company also has $9,500 of debt that carries a coupon rate of 7 percent. The debt is selling at par value. What is the value of this firm? A) $222,579 B) $225,476 C) $223,333 D) $224,108 E) $230,825