L.A. Clothing has expected earnings before interest and taxes of $2,200, an unlevered cost of capital of 15 percent and a tax rate of 33 percent. The company also has $2,900 of debt that carries an 8 percent coupon. The debt is selling at par value. What is the value of this firm?

$10,783.67

$11,862.03

$12,940.40

$9,705.30

$14,018.77