A firm has a cost of levered equity of 14.5%, a cost of debt of 7.3%, and faces a tax rate of 22%. A portion of its income statement is provided below. It is expected that the cash flows will remain the same forever.

Earnings Before Income and Taxes (EBIT) $ 30055.58

Interest Expense $ 2581.72

Earnings Before Taxes (EBT) $27473.86

Taxes Paid $ 6044.25

Net Income $ 21429.61

Determine the value of the firm's assets

(VL)

using any of the three approaches (APV, FTE, WACC).

A.

$186,819.57

B.

$175,830.18

C.

$194,145.83

D.

$183,156.44

E. 168,503.92

$