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Bassett Fruit Farm expects its EBIT to be $417,000 a year forever. Currently, the firm has no debt. The cost of equity is 14.3 percent

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Bassett Fruit Farm expects its EBIT to be $417,000 a year forever. Currently, the firm has no debt. The cost of equity is 14.3 percent and the tax rate is 40 percent. The company is in the process of issuing $1.7 million worth of bonds at par that carry an annual coupon of 5.5 percent. What is the unlevered value of the firm? $1,574,685 $1,944,056 $1,749,650 $2,429,650 $2,186,853 O

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