The book value of equity of a company on the 31st of December 2018 was 1,000,000 euro. On December 31st, 2019 the book value of equity increased to 1,150,000 euro. The company has a constant payout ratio of 50% and a ROE of 30%. Determine the retained earnings of the company in 2019. Select one: O a. None of the alternatives O b. Leave the answer blank (no penalty) c. 125,000 O d. 345,000 O e. 150,000 We want to determine the Value of a levered firm on January 1st, 2021. The company is expected to generate an EBIT of $400,000 on December 31st, 2021. The net working capital is not expected to increase and the depreciation expenses will equal capital expenditures. We also know that the company will distribute a dividend per share of $6 at the end of the year and that the growth rate of the earnings and dividends is 6%. The price per share of this company on January 1st, 2021 is $50. If the company has a debt to value ratio (D/V) equal to 20% and its cost of debt (rd) is 4%, what is the market value of the levered firm? Assume a corporate tax rate of 25%. Select one: O a. Leave the answer blank (no penalty) O b. None of the alternatives 0 O c. $3,333,333.33 d. $2,500,000 e. $2,245,508.98 O