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Pewter & Glass is an all-equity firm that has 145,000 shares of stock outstanding. The company is in the process of borrowing $750,000 at 6.8

Pewter & Glass is an all-equity firm that has 145,000 shares of stock outstanding. The company is in the process of borrowing $750,000 at 6.8 percent interest to repurchase 8,000 shares of the outstanding stock. What is the value of this firm if you ignore taxes?

A. 14,702,500

B. 13,593,750

c. 14,250,000

D 12,500,000

E. 12,648,250

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