Edwards Construction currently has debt outstanding with a market value of $280,000 and a cost of 6 percent. The company has an EBIT of $16,800 that is expected to continue in perpetuity. Assume there are no taxes.

(A. I have answered this part)

B. What is the equity value and the debt-to-value ratio if the company's growth rate is 4 percent?(Do not round intermediate calculations. Round your equity value to 2 decimal places)

C.What is the equity value and the debt-to-value ratio if the company's growth rate is 5 percent?(Do not round intermediate calculations. Round your equity value to 2 decimal places)