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Taunton's is an all-equity firm that has 158,000 shares of stock outstanding. The CFO is considering borrowing $317,000 at 6 percent interest to repurchase 27,000

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Taunton's is an all-equity firm that has 158,000 shares of stock outstanding. The CFO is considering borrowing $317,000 at 6 percent interest to repurchase 27,000 shares. Ignoring taxes, what is the value of the firm? Multiple Choice $1,943,372 $2,283,123 $1,855,037 $2,397,279 $2,120,042

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