Stevenson's Bakery is an all$-$equity firm that has projected perpetual EBIT of $$186,000$ per year. The cost of equity is $13\mathrm{.}3$ percent and the tax rate is $21$ percent. The firm can borrow perpetual debt at $6\mathrm{.}2$ percent. Currently, the firm is considering converting to a debt$$equity ratio of $\mathrm{.}96.$ What is the firm's levered value? MM assumptions hold.

Multiple Choice

$$1,218,450$

$$830,707$

$$999,862$

$$1,159,541$

$$923,008$