Edwards Construction currently has debt outstanding with a market value of $113,000 and a cost of 11 percent. The company has EBIT of $12,430 that is expected to continue in perpetuity. Assume there are no taxes. What is the value of the company's equity? What is the debt-to-value ratio? What are the equity value and debt-to-value ratio if the company's growth rate is 4 percent? What are the equity value and debt-to-value ratio if the company's growth rate is 7 percent?