Fields & Company expects its EBIT to be $$106,000$ every year forever. The firm 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 $25$ percent, what is the value of the firm? $($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 $$210,000$ and uses the proceeds to repurchase shares? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$