Stevenson's Bakery is an all$-$equity firm that has projected perpetual EBIT of $$171,000$ per year. The cost of equity is $12\mathrm{.}3$ percent and the tax rate is $21$ percent. The firm can borrow perpetual debt at $6\mathrm{.}7$ percent. Currently, the firm is considering converting to a debt$$equity ratio of $\mathrm{.}81.$ What is the firm's levered value? MM assumptions hold.

Multiple Choice

$$1,138,493$

$$987,367$

$$825,805$

$$1,201,508$

$$917,561$