Stevenson's Bakery is an all$-$equity firm that has projected perpetual EBIT of $$204,000$ per year. The cost of equity is $14\mathrm{.}5$ percent and the tax rate is $23$ percent. The firm can borrow perpetual debt at $5\mathrm{.}6$ percent. Currently, the firm is considering taking on debt equal to $114$ percent of its unlevered value. What is the firm's levered value?

Multiple Choice

$$1,048,986$

$$772,386$

$$1,335,132$

$$1,367,354$

$$858,207$