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Old School Corporation expects EBIT of $9,000 per year in perpetuity. It currently has no debt in its capital structure and its cost of equity

Old School Corporation expects EBIT of $9,000 per year in perpetuity. It currently has no debt in its capital structure and its cost of equity is 17%. The firms tax rate is 35%. The firm can borrow at a cost of 10%. What is the current value of the firm? If the firm converts 50% of its equity to debt, what will be the value of the firm? What will be the cost of equity? What will be the WACC

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