Lazare Corporation expects an EBIT of $$17,100$ every year forever. Lazare

currently has no debt, and its cost of equity is $10\%.$ The firm can borrow at $7\%.$

$($Do not round intermediate calculations. Round the final answers to $2$ decimal

places. Omit $ sign in your response.$)$

a$.$ If the corporate tax rate is $35\%,$ what is the value of the firm?

Value of the firm

$

b$.$ What will the value be if the company converts to $50\%$ debt?

Value of the firm

$

c$.$ What will the value be if the company converts to $100\%$ debt?

Value of the firm