University Center Co$.$ currently has EBIT of $$43,000$ and is all equity financed. EBIT is expected to stay at this level indefinitely. The firm pays corporate taxes equal to $37\%$ of taxable income. The cost of equity for this firm is $19\%.$

What is the market value of the firm? Enter your answer rounded to two decimal places.

$142578\mathrm{.}95$

Correct response: $142,578\mathrm{.}95\backslash$pm $0\mathrm{.}01$

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Suppose the firm has a value of $$142,578\mathrm{.}95$ when it is all equity financed. Now assume the firm issues $$59,000$ of debt paying interest of $10\%$ per year and uses the proceeds to retire equity. The debt is expected to be permanent.

What will be the value of the firm? Enter your answer rounded to two decimal places.

Number

What will be the value of the equity after the debt issue? Enter your answer rounded to two decimal places.

Number