Question: Key Lime Pie Co . expects EBIT of $ 1 0 0 , 0 0 0 every year forever. Key Lime Pie Co . currently

Key Lime Pie Co. expects EBIT of $100,000 every year forever. Key Lime Pie Co. currently has no debt and its cost of equity is 10%. The firm can borrow at 6%. The corporate tax rate is 26%.
What is the value of the firm? Enter your answer rounded to two decimal places.
Key Lime Pie Co. expects EBIT of $100,000 every year forever.

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