Problem 16-17 Firm Value (LO3) Lazare Corporation expects an EBIT of $15,600 every year forever. Lazare currently has no debt, and its cost of equity is 10%. The firm can borrow at 7%. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) a. If the corporate tax rate is 35%, what is the value of the firm? $ Value of the firm b. What will the value be if the company converts to 40% debt? Value of the firm $ c. What will the value be if the company converts to 100% debt? $ Value of the firm