Universal Fry Pan (UFP), Inc. has an unusual marketing slogan of "whatever dies, fries". UFP's book and market value of debt is $3,649 and the debt is expected to be permanent (i.e. they will only pay the interest on the debt each period). The interest rate on their debt is 7%. Their WACC is 17%, and the corporate tax rate is 30%. Considering only the influence of corporate taxes on the firm's value (i.e., assuming there are no agency conflicts, asymmetric information, or costs of financial distress), how much of the firm's market value is accounted for by the debt-generated corporate tax shield? [Please express your answer in dollars, and please round to the nearest $]

 

Assume that your answer to the previous question was that $1,629 of UFP's market value is coming from the debt-generated tax shield. If UFP has a market value of assets of $12,180 (this is the levered value of the firm's assets), what is the unlevered value of UFP's assets? [Please express your answer in dollars]

 

 Assume that your answer to the prior question was that UFP's unlevered value of assets is $9,003. What will be the market value of UFP's equity if the firm issues stock and uses the proceeds to pay off debt such that it only has $2,814 of debt remaining?  [Please express your answer in dollars out to two decimal places]