An unlevered firm has a cost of capital of 16.7 percent and earnings before interest and taxes of $489,602. A levered firm with the same operations and assets has face value of debt of $650,000 with a coupon rate of 7.5 percent that sells at par. The applicable tax rate is 35 percent. What is the value of the levered firm?

A) $2,402,509.08

B) $2,133,136.53

C) $2,397,212.30

D) $2,398,256.67

E) $2,001,018.21