Edwards Construction currently has debt outstanding with a market value of $300,000 and a cost of 8 percent. The company has an EBIT of $24,000 that is expected to continue in perpetuity. Assume there are no taxes a. What is the value of the company's equity and the debt-to-value ratio? (Do not round intermediate calculations. Leave no cells blank be certain to enter "o" wherever required. Round your debt-to-value answer to 3 decimal places, e.g., 32.161.) Equity value Debt-to- value 1.000 b. What is the equity value and the debt-to-value ratio if the company's growth rate is 3 percent? (Do not round intermediate calculations. Round your equity value to 2 decimal places, e.g., 32.16, and round your debt-to-value answer to 3 decimal places, e.g., 32.161.) Equity value 194,400.00 Debt-to- value .610 c. What is the equity value and the debt-to-value ratio if the company's growth rate is 5 percent? (Do not round intermediate calculations. Round your equity value to 2 decimal places, e.g., 32.16, and round your debt-to-value answer to 3 decimal places, e.g., 32.161.) Equity value 540,000.00 Debt-to- value .380 X