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Suppose the cocporate tax rate for Company A is 48%. Considor a firm that earns $1025 before interest and taxes each year with no nisk.

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Suppose the cocporate tax rate for Company A is 48%. Considor a firm that earns $1025 before interest and taxes each year with no nisk. The firm's capital expenditures equal its depreciation expenses each yoar, and it wil have no changes to its net working capial. The risk:free intarest rale is 4.57%. Suppose the firm makes interest payments of $483 per year. What is the value of equity? NOTE: Submit your answers with 4 decimals after the dot. Do not include the " $ " sign

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