Edwards Construction currently has debt outstanding with a market value of $$128,000$ and a cost of $12$ percent. The company has EBIT of $$15,360$ that is expected to continue in perpetuity. Assume there are no taxes.

a$-1.$ What is the value of the company's equity?

a$-$ What is the debt$-$to$-$value ratio?

b$.$ What are the equity value and debt$-$to$-$value ratio if the company's growth rate is $4$ percent?

c$.$ What are the equity value and debt$-$to$-$value ratio if the company's growth rate is $9$ percent?