Refi Corporation is planning to repurchase part of its common stock by issuing corporate debt. As a result, the firm's debt$-$equity ratio is expected to rise from $35$ percent to $50$ percent. The firm currently has $$4\mathrm{.}2$ million worth of debt outstanding. The cost of this debt is $8$ percent per year. The firm expects to have an EBIT of $$1\mathrm{.}41$ milion per year in perpetuity and pays no taxes.