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Lazare Corporation expects an EBIT of $33,000 every year forever. Lazare currently has no debt, and its cost of equity is 16%. The firm can

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Lazare Corporation expects an EBIT of $33,000 every year forever. Lazare currently has no debt, and its cost of equity is 16%. The firm can borrow at 10%. (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 60% debt? Value of the firm c. What will the value be if the company converts to 100% debt? Value of the firm

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