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(Use the following information for problems 39-40) XYZ expects its EBIT to be $79,000 every year forever. The company can borrow at 6 percent. The

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(Use the following information for problems 39-40) XYZ expects its EBIT to be $79,000 every year forever. The company can borrow at 6 percent. The company currently has no-debt, and its cost of equity is 12 percent. If the tax rate is 35 percent, what is the value of the company? $325,806.14 $427,916.67 $523,025.38 O $623.025.38

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