A firm has expected before-tax earnings of $100 million a year forever, starting next year. it is financed with 30% debt at an expected interest rate of 6% a year and 70% equity with an expected cost of 11% a year. if the firm is in the 40% tax bracket, what is the firm value.

A. 683.37 million

B. 732.81 million

C. 1,052.63 million

D. 1,127.40 million