Ready To Go is an all$-$equity firm specializing in hot ready$-$to$-$eat meals. Management has estimated the firm's earnings before interest and taxes will be $$68,000$ annually forever. The present cost of equity is $14\mathrm{.}1$ percent. Currently, the firm has no debt but is considering borrowing $$450,000$ at $8$ percent interest. The tax rate is $24$ percent. What is the value of the unlevered firm?

Multiple Choice

$$366,525$

$$323,017$

$$346,511$

$$314,141$

$$305,200$