Find value of firm and value of the equity after debt issue

University Center Co. cumently has EBIT of $44,000 and is all equity financed. EBIT is expected to stay at this level indefinitely. The firm pays corporate taxes equal to 32% of taxable income. The cost of equity for this firm is 12%. What is the market value of the flen? Enter your answer rounded to two decimat places. Correct response: 249,333.3340.01 Click "Verity" to proceed to the noxt part of the question. This question has 3 parts, so you will be clicking verity 3 times. Suppose the firm has a value of $249,333.33 when it is all equity financed. Now assume the firm issues $61.000 of debt poying interest of 10% per year and uses the proceeds to retire equity. The debt is expected to be permanent What will be the value of the firm? Enter your answer rounded to two decimal piaces. What will be the value of the equity after the debt issue? Enter your answer rounded to two decimal places. Click" "Veify" to proceed to the next part of the