Grainger has expected earnings before interest and taxes of $585,000, an unlevered cost of capital of 10.5 percent, and a tax rate of 25 percent. The company has $2,200,000 of debt that carries a 6 percent coupon. The debt is selling at par value. What is the value of this company?

a. $4,182,603

b. $4,430,206

c. $4,728,571

d. $4,926,373

e. $4,551,069