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Wilbur's Wagons is an all - equity firm that has projected perpetual EBIT of $ 3 6 4 , 0 0 0 . The current

Wilbur's Wagons is an all-equity firm that has projected perpetual EBIT of $364,000. The current cost of equity is 13.4 percent and the tax rate is 21 percent. Wilbur's Wagons is in the process of issuing $980,000 worth of perpetual bonds with an annual coupon rate of 5.8 percent at par. What is the value of the levered firm?

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