Part II Question 3 Qiyang Toy Outlet has unlevered cost of capital of 10%. The corporate tax rate is 34%. And the perpetual expected earnings before interest and tax is $1600. The company has $3000 in permanent bonds outstanding that have an 8% coupon and pay interest annually. The bonds are selling at the par value. The total number of share outstanding is 1000 a) What is the value of the unlevered firm? ( 2 points)