Your firm's free cash flows(after-tax earnings) are expected to be $8,000 per year in perpetuity, the market value of its outstanding securities is $40,000 when it is all equity financed, and your marginal tax rate is 35%. Assume that your firm faces corporate taxes. If you borrow $12,200 at a before-tax cost of 9% and use the proceeds to repurchase stock, what is the value of your firm after the debt issuance and your new cost of equity? $ 44,270 : 22.7% $ 44,270: 20.0% $ 40,000; 16.3% $ 52,200; 22.7% O $ 52,200 : 20.0%