Question 3 Hanover Tech is currently an all equity firm that has 320,000 shares outstanding with a market price of 24 a share. The current cost of equity is 15.4 per cent and the tax rate is 36 per cent. The firm is considering adding 1.2 million of debt with a coupon rate of 6 per cent to its capital structure. The debt will be sold at par value. What is the levered value of the equity Show your steps. the folhar press ALT+F10 (PC) or ALT+FN+F10 (Mac). - T