Kline Construction is an all-equity firm that has projected perpetual EBIT of $324,000. The current cost of equity is 12.4 percent and the tax rate is 21 percent. The company is in the process of issuing $940,000 worth of perpetual bonds with an annual coupon rate of 6.6 percent at par. What is the value of the levered firm? Multiple Choice $1.552,065 $2,261,594 $1.916,129 $2,064,194 $1,980,123