In valuing ABC, Inc., we calculate an MVIC/EBIT multiple of 20x. ABC, Inc. has interest bearing debt of $8,000,000 and has EBIT of $1 per share with 1,000,000 shares outstanding. ABC, Inc.'s interest expense per share is $0.25 and their income tax rate is 40%. What is the value of ABC, Inc. equity? O a $3,000,000 O b. $17,000,000 O c. $20,000,000 O d. $12,000,000