Kline Construction is an all-equity firm that has projected perpetual EBIT of $344.000. The current cost of equity is 12.9 percent and the tax rate is 34 percent. The company is in the process of issuing $960,000 worth of perpetual bonds with an annual coupon rate of 6.3 percent at par. What is the value of the levered firm? $2,086,400 $1,955,556 $1,760,000 $2,020,978 $1,584,000