What is the value of the levered firm? Thanks in advance! :-) (Will thumbs up for help!)

Kline Construction is an all-equity firm that has projected perpetual EBIT of $312,000. The current cost of equity is 12.1 percent and the tax rate is 21 percent. The company is in the process of issuing $928,000 worth of perpetual bonds with an annual coupon rate of 63 percent at par. What is the value of the levered firm? Multiple Choice $1,931,546 $1,508,430 $1,862,259 $2231,905 $2,037,025