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Back Woods Coffee has expected earnings before interest and taxes of $ 3 4 , 5 0 0 ( assumed to continue forever ) ,

Back Woods Coffee has expected earnings before interest and taxes of $34,500(assumed to continue forever), an unlevered cost of capital of 14%, and debt with both a book and market value of $20,000. The debt has an annul yield of 7%. If corporate tax rate is 35%, what is the value of this firm?
A. $167,179
B. $203,518
C. $241,414
D. $177,778
E. $174,015
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