ABC Company has an expected perpetual EBIT = $4,000. The unlevered cost of capital = 15% and there are 20,000 shares of stock outstanding. The firm is considering issuing $8,800 in new par bonds to add financial leverage to the firm. The proceeds of the debt issue will be used to repurchase equity. The cost of debt - 10% and the tax rate = 34%. Including the effect of taxes, what is the value of ABC after the restructuring? $17,600 $20,592 $26,400 $14,608 $22,483