Best Bagels, Inc. (BB) currently has zero debt, an unleveraged firm.The firm has a total market value of $461,600.Management is considering recapitalizing by issuing enough debt so that the firm has a capital structure consisting of 30% debt and 70% equity, based on a market value at a before tax cost of 7%.Best Bagels will use the proceeds to repurchase stock at the new equilibrium market price.Its earnings before interest and taxes (EBIT) are $100,000, and it is a zero growth company.Its tax rate is 40%.The firm has 20,000 shares of common stock outstanding selling at a price per share of $23.08

Based on the BB's new WACC found in problem 38, what is its new corporate value of BB?

WACC=11.45%

$489,726.16

$528,017.47

$524,017.47

$433,989.47