please solve part B

Remaining Time: 28 29 04 MacKinnon Co currently has ESIT of $37 000 and is all equity financed EBIT is expected to stay at this level indefinitely. The firm pays corporate taxes equal to 36% of taxable income. The cost of equity for this firm is 17% What is the market value of the firm? Enter your answer founded to two decimal places. 139,294.12 Correct response: 139,294:120.01 Click "Verity" to proceed to the next part of the question. This question has 3 parts, so you will be clicking varity 3 times Suppose the firm has a value of 5139.294 12 when it is all equity financed. Now assume the firm issues $55.000 of debt paying interest of om per year and uses the proceeds to retire equity. The debt is expected to be permanent What will be the value of the tem? Enter your answer rounded to two decimal places Number What will be the value of the equity after the dubt issue? Enter your answer rounded to two decimal places Number Click "Verity to pre proceed t ed to the next part of the question Section Attempt 1 of 1 Verify