Hanover Tech is currently an all-equity company that has 145,000 shares of stock outstanding with a market price of $22 a sha:te. The current cost of equity is 13.9 percent and the tax rate is 21 percent. The company is considering adding $1.5 million of debt with a coupon rate of 7.5 percent to its capital structure. The debt will be sold at par value. What is the levered value of the equity? $2.012 million $2.312 million $2.209 million $2.005 million $2.108 million