Alpha Corporation and Beta Corporation are identical in every way except their capital structures. Alpha Corporation, an all equity firm, has 17,000 shares of stock outstanding, currently worth $25 per share. Beta Corporation uses leverage in its capital structure. The market value of Betas debt is $67,000, and its cost of debt is 7 percent. Each firm has expected EBIT of $77,000 in perpetuity. Assume that M&M's assumption that capital markets are perfect is true (no taxes, no bankruptcy, etc.).

a. What is the value (firm value) of Alpha Corporation? (Enter your answer without the dollar sign.)

b. What is the value (firm value) of Beta Corporation? (Enter your answer without the dollar sign.)

c. What is the market value of Beta Corporations equity? (Enter your answer without the dollar sign.)