A mature company believes that it will generate cash flows from assets of $$2,000,000$ a year, indefinitely $($i$.$e$.,$ in perpetuity$).$ The cost of capital $($required return$)$ of the company's assets is $11\%.$ The company also has debt outstanding, with a face value of $3,300,000,$ which takes the form of a perpetuity $($i$.$e$.,$ the debt will remain outstanding forever$)$ and carries an interest rate of $6\mathrm{.}5\%.$ The interest on the company's debt is tax deductible, and the company pays corporate taxes at a rate of $20\%.$ What is the total value $($the debt plus equity value$)$ of the firm?

A$.$ $$2,461,802$

B$.$ $$5,101,8$ p $2$

C$.$ $$18,224,718$

D$.$ $$18,841,818$

E$.$ $$21,481,818$

Answer: D