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L.A. Clothing has expected earnings before interest and taxes of $2,400, an unlevered cost of capital of 13 percent and a tax rate of 35

L.A. Clothing has expected earnings before interest and taxes of $2,400, an unlevered cost of capital of 13 percent and a tax rate of 35 percent. The company also has $3,200 of debt that carries an 8 percent coupon. The debt is selling at par value. What is the value of this firm? $17,056.00 $14,432.00 $11,808.00 $15,744.00 $13,120.00

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