Fields & Co$.$ expects its EBIT to be $$125,000$ every year forever. The firm can borrow at $7$ percent. The company currently has no debt, and its cost of equity is $12$ percent. If the tax rate is $24$ percent, what is the value of the firm? What will the value be if the company borrows $$205,000$ and uses the proceeds to repurchase shares?

Input Area:

$\backslash$table$[[$EBIT$,$$$125,000$