Question $2$

The Book Worm is an unlevered firm with an aftertax net income of $$237,600.$ The unlevered cost of capital is $16\mathrm{.}5$ percent and the

tax rate is $34$ percent. What is the value of this firm?

Excel Template.xIsx

$$1,378,414\mathrm{.}14$

$$1,523,076\mathrm{.}92$

$$1,270,000\mathrm{.}00$

$$1,440,000\mathrm{.}00$

$$1,539,000\mathrm{.}00$