Simin Co. will have an EBIT of 3,496,789 EUR next year, the EBITDA will grow by 12.45% for the subsequent 2 years (until year 3). From then on, the EBITDA will grow perpetually at a 2.35% rate. The company has a perpetual risk-free debt of 13,500,000 EUR and the risk free rate is equal 3.75%. The company has assets that have a residual value of 15,000,000 that will be depreciated straight line in the next 3 years. Assuming that the depreciation tax shield has no systematic risk, that the corporate tax rate is 26% and that the unlevered equity return is 9.05%, the value of the depreciation tax shield is closest to 3,287,753 EUR

What is the value of Simins equity?

A) 91,513,109 Euro

B) 95, 987,009 Euro

C) 100,886,829 Euro

D) 105,134,440 Euro

E) I choose not to answer