Question: Gradebook External Bower / Assignment 12A -Graded Remaining Time: 99:11:00 Ice Cream Sandwich Co. expects EBIT of $150,000 next year, and expects earnings to grow

Gradebook External Bower / Assignment 12A -Graded Remaining Time: 99:11:00 Ice Cream Sandwich Co. expects EBIT of $150,000 next year, and expects earnings to grow at a rate of 2% per year indefinitely. Ice Cream Sandwich Co. currently has no debt and its cost of equity is 13%. The firm can borrow at 8%. The corporate tax rate is 32%. What is the value of the firm? Enter your answer rounded to two decimal places. Number Click "Verify" to proceed to the next part of the question. This question has 4 parts, so you will be clicking verify 4 times. Section Attempt 1 of 1 Verify

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