Kline Construction is an all-equity firm that has projected perpetual EBIT of $368,000. The current cost of equity is 13.5 percent and the tax rate is 35 percent. The company is in the process of issuing $984,000 worth perpetual bonds with an annual coupon rate of 5.7 percent at par. What is the value of the levered firm? Multiple Choice $1,594,667 $2,116,252 $1,771,852 $2,042,488 $1,968,724