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Elzear & Co. expects its EBIT to be $42.000 every year forever. The firm can borrow at 6%. Elzear currently has no debt, and ts

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Elzear & Co. expects its EBIT to be $42.000 every year forever. The firm can borrow at 6%. Elzear currently has no debt, and ts cost of equity is 11%. (Round the final answers to 2 decimal places. Omit S sign in your response.) of the tax rate is 35%, what is the value of the firm? Value of the firm What will the value be if the company borrows $108,000 and uses the proceeds to repurchase shares? Value of the firm

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