Lemon, Inc. is an unlevered firm which has a cost of capital of 14% and EBIT of $150,000 per year in perpetuity. A levered firm with the same operations, assets and business risk has both a book value and a market value of debt of $700,000 with a 7% annual coupon. The corporate tax rate is 21%. Investors do not have to pay personal taxes on dividends and ordinary income. The present value of the bankruptcy costs is $52,000. What is the value of the levered firm (rounded to the nearest dollar figure)? Multiple Choice $846.429 $147,000 $941,429 $993.429 Tenafly, Inc., writes 37 checks a day for an average amount of $525 each that generally clear 3 days after they are written. In addition, the firm generally receives 45 checks each day with an average amount of $604 each that are available after 2.5 days. Is this a collection or disbursement float? What is the amount of the float? Multiple Choice A collection float of $11,470 O A disbursement float of $9,675 A collection float of $10,569 O A collection float of $9,675 A disbursement float of $11.470