Ice Cream Sandwich Co. expects EBIT of $300,000 next year, and expects earnings to grow at a rate of 4% per year indefinitely. Ice Cream Sandwich Co. currently has no debt and its cost of equity is 17%. The firm can borrow at 7%. The corporate tax rate is 25%. What is the value of the firm? Enter your answer rounded to two decimal places. Number Click "Verify" to proceed to the next part of the question. Section Attempt 1 of 1 Verify