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Taunton's is an all-equity firm that has 162,000 shares of stock outstanding. The CFO is considering borrowing $365,000 at 8 percent interest to repurchase 31,000

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Taunton's is an all-equity firm that has 162,000 shares of stock outstanding. The CFO is considering borrowing $365,000 at 8 percent interest to repurchase 31,000 shares. Ignoring taxes, what is the value of the firm? Multiple Choice $1,998.249 $1,907,419 $2,179,908 $2,464.973 $2,347,593

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