Kline Construction is an all$-$equity firm that has projected perpetual EBIT of $$344,000.$ The current cost of equity is $12\mathrm{.}9$ percent and the tax rate is $21$ percent. The company is in the process of issuing $$960,000$ worth of perpetual bonds with an annual coupon rate of $6\mathrm{.}3$ percent at par. What is the value of the levered firm?

Multiple Choice

$$2,308,267$

$$1,584,000$

$$1,955,556$

$$2,106,667$

$$2,020,978$