Kline Construction is an all$-$equity firm that has projected perpetual EBIT of $$316,000.$ The current cost of equity is $12\mathrm{.}2$ percent and the tax rate is $21$ percent. The company is in the process of issuing $$932,000$ worth of perpetual bonds with an annual coupon rate of $6\mathrm{.}4$ percent at par. What is the value of the levered firm?

Multiple Choice

$$1,849,518$

$$2,046,230$

$$1,422,000$

$$1,755,556$

$$2,241,950$