b. Equity vaue = 593600 X-Incorrect

Debt-to-Value = 0.321 X-Incorrect

c. $1,484,000 - X-Incorrect

0.159 X-Incorrect

Edwards Construction currently has debt outstanding with a market value of $280,000 and a cost of 6 percent. The company has an EBIT of $16,800 that is expected to continue in perpetuity. Assume there are no taxes. What is the value of the company's equity and the debt-to-value ratio? (Do not round a. intermediate calculations. Round your debt-to-value answer to 3 decimal places, e.g., 32.161. Leave no cells blank - be certain to enter " O " wherever required.) b. What is the equity value and the debt-to-value ratio if the company's growth rate is 4 percent? (Do not round intermediate calculations. Round your equity value to 2 decimal places, e.g., 32.16, and round your debt-to-value answer to 3 decimal places, e.g., 32.161.) c. What is the equity value and the debt-to-value ratio if the company's growth rate is 5 percent? (Do not round intermediate calculations. Round your equity value to 2 decimal places, e.g., 32.16, and round your debt-to-value answer to 3 decimal places, e.g., 32.161.) Answer is complete but not entirely correct