University Center Co$.$ currently has EBIT of $$48,000$ and is all equity financed. EBIT is expected to stay at this level indefinitely. The firm pays corporate taxes

equal to $21\%$ of taxable income. The cost of equity for this firm is $17\%.$

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

Correct response: $223,058\mathrm{.}82+-0\mathrm{.}01$

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