Stevenson's Bakery is an all-equity firm that has projected perpetual EBIT of $174,000 per year. The cost of equity is 12.5 percent and the tax rate is 21 percent. The firm can borrow perpetual debt at 6.6 percent. Currently, the firm is considering converting to a debt-equity ratio of 84. What is the firm's levered value? Multiple Choice $1,205,106 $814,320 $1,130,092 $977,086 $904,800 D James Fashions has a target debt-equity ratio of .52. Its cost of equity is 14.5 percent and its pretax cost of debt is 8 percent. Its combined tax rate is 22 percent. What is the company's WACC? Multiple Choice O O 11.67% 7.10% 9.07% 10.14% 12.28%