assett Fruit Farm expects its EBIT to be $$365,000$ a year forever. Currently, the firm has no debt. The cost of equity is $12\mathrm{.}7$ percent and the tax rate is $21$ ercent. The company is in the process of issuing $$3$ million worth of bonds at par that carry an annual coupon of $6\mathrm{.}6$ percent. What is the unlevered alue of the firm?

Multiple Choice

$$2,512,231$

$$2,107,612$

$$2,916,850$

$$2,270,472$

$$1,707,165$