Kline Construction is an all-equity firm that has projected perpetual EBIT of $336,000. The current cost of equity is 12.7 percent and the tax rate is 24 percent. The company is in the process of issuing $952,000 worth of perpetual bonds with an annual coupon rate of 6.5 percent at par. What is the value of the levered firm? Multiple Choice $1,452,472 $2,010,709 $1,889,157 $2,239,189 $1,793,176