Bergenfield, Inc., is an all-equity firm that has projected perpetual EBIT of $156,000 per year. The cost of equity is 11.3 percent and the tax rate is 34 percent. The firm can borrow perpetual debt at 6.2 percent. Currently, the firm is considering converting to a debt-equity ratio of .66. What is the firm's levered value? Multiple Choice $820,035 $1,113,884 $911,150 O O $820,035 O $1,113.884 O O $911,150 $972.735 $1.034,320 JKB, Inc., is an all-equity firm with 47,750 shares of stock outstanding. The company is considering the issue of $325,000 in debt at an interest rate of 7 percent and using the proceeds to repurchase stock. Under the new capital structure, there would be 29,500 shares of stock outstanding. Ignore taxes. What is the break-even EBIT between the two plans? Multiple Choice $36,774 $41,371 $64.484 $59574 Munuple choice O $36.774 O $41,371 O $64.484 $59.524 $51021