MacKinnon Co currently has EBIT of $40,000 and is all equity financed. EBIT are expected to grow at a rate of 4% per year. The firm pays corporate taxes equal to 30% of taxable income. The cost of equity for this fimis 11% What is the market value of the firm? Enter your answer rounded to two decimal places 416000.000 Correct response 400,000+0.03 Click "Verity to proceed to the next part of the question Suppose the firm has a value of $400,000 when it is all equity financed. Now come the firm seves 558,000 of debt paying interest of per year and son the proceeds to retire equilty. The debt is expected to be permanent What wil be the value of the fiem? Enter your answer rounded to two decimal places, Number What will be the value of the equity after the debt invo? Enter your answer rounded to two decimal plocot, Number Click "only to proceed to the next part of the question Section Altomt 1 of 1 Submit Assignment Quit & Savo Question Menu