A company has an EBIT of $3,485 in perpetuity. The unlevered cost of capital is 13.82%, and there are 19,090 common shares outstanding. The company is considering issuing $7,660 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 8.99% and the tax rate is 24%. What is the value of the firm after the restructuring? Question 14 options: $19,428 $19,953 $20,478 $21,003 $21,528