Cuellars has debt with a book value of $285,000 and a market value of $263,000. The firms equity has a book value of $418,000 and a market value of $612,000. The tax rate is 21 percent and the cost of capital is 12.4 percent. What is the market value of this firm based on MM Proposition I without taxes? Cuellars has debt with a book value of $285,000 and a market value of $263,000. The firms equity has a book value of $418,000 and a market value of $612,000. The tax rate is 21 percent and the cost of capital is 12.4 percent. What is the market value of this firm based on MM Proposition I without taxes? $837,150 $703,000 $875,000 $819,770 $897,000