Async Inc. and Sync Corp. both have the same EBIT of $5 million and tax rate of 35%. Async is all-equity financed with a cost of capital of 13%, whereas Sync has debt of $8 million. What is Sync's firm value using the M&M Proposition? Select one: a. $15,250,000 b. $17,500,000 C. $19,750,000 d. $25,000,000 e. $27,800,000