A company has an EBIT of $4,520 in perpetuity. The unlevered cost of capital is 15.98%, and there are 25,750 common shares outstanding. The company is considering issuing $9,910 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 11.06% and the tax rate is 33%. What is the value of the firm after the restructuring? $21,110 $21,666 $22,221 $22,777 $23,333