Fields & Company expects its EBIT to be $$118,000$ every year forever. The company$$can borrow at $7$ percent. The company$$currently has no debt$$and its cost of equity is $14$ percent. $$ a$.$ If the tax rate is $22$ percent, what is the value of the company? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$ b$.$What will the value be if the company borrows $$270,000$ and uses the proceeds to repurchase shares? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$